Cadence Design Systems, Inc. (CDNS)

Cadence Design Systems Stock Forecast

Stock Price Forecast

The 12 analysts with 12-month price forecasts for Cadence Design Systems stock have an average target of 326.92, with a low estimate of 225 and a high estimate of 355. The average target predicts an increase of 26.55% from the current stock price of 258.34.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$225	$326.92	$340	$355
Change	-12.91%	+26.55%	+31.61%	+37.42%

Analyst Ratings

The average analyst rating for Cadence Design Systems stock from 12 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Sep '24	Oct '24	Nov '24	Dec '24	Jan '25	Feb '25
Strong Buy	3	4	5	5	6	5
Buy	5	6	6	6	6	5
Hold	1	1	1	1	1	1
Sell	1	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	10	12	13	13	14	12

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Joe Vruwink Baird	Baird	Buy Maintains $340 → $335	Buy	Maintains	$340 → $335	+29.67%	Feb 20, 2025
Gary Mobley Loop Capital	Loop Capital	Strong Buy Maintains $360 → $340	Strong Buy	Maintains	$360 → $340	+31.61%	Feb 19, 2025
Vivek Arya B of A Securities	B of A Securities	Strong Buy Maintains $365 → $350	Strong Buy	Maintains	$365 → $350	+35.48%	Feb 19, 2025
Blair Abernethy Rosenblatt	Rosenblatt	Hold Maintains $280 → $295	Hold	Maintains	$280 → $295	+14.19%	Feb 19, 2025
Charles Shi Needham	Needham	Strong Buy Reiterates $325	Strong Buy	Reiterates	$325	+25.80%	Feb 19, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

5.36B

Increased by 15.38%

from 4.64B

Revenue Next Year

6.01B

Increased by 12.19%

from 5.36B

EPS This Year

6.92

Increased by 79.76%

from 3.85

EPS Next Year

7.94

Increased by 14.79%

from 6.92

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Jan 2, 2021	Jan 1, 2022	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	2.68B	2.99B	3.56B	4.09B	4.64B	5.36B	6.01B	6.81B
Revenue Growth	14.83%	11.38%	19.19%	14.83%	13.48%	15.38%	12.19%	13.37%
EPS	2.11	2.50	3.09	3.82	3.85	6.92	7.94	8.86
EPS Growth	-40.23%	18.48%	23.60%	23.62%	0.79%	79.76%	14.79%	11.59%
Forward PE	-	-	-	-	-	37.33	32.52	29.14
No. Analysts	-	-	-	-	-	23	21	6

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	5.7B	6.7B	7.7B
Avg	5.4B	6.0B	6.8B
Low	5.0B	5.5B	6.0B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	23.5%	25.2%	28.9%
Avg	15.4%	12.2%	13.4%
Low	8.1%	2.2%	-0.3%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	7.36	8.95	10.37
Avg	6.92	7.94	8.86
Low	6.34	6.53	7.04

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	91.2%	29.3%	30.6%
Avg	79.8%	14.8%	11.6%
Low	64.7%	-5.7%	-11.4%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.