Cadence Design Systems, Inc. (CDNS)
NASDAQ: CDNS · Real-Time Price · USD
293.33
+0.80 (0.27%)
At close: Jun 3, 2025, 4:00 PM
293.13
-0.20 (-0.07%)
After-hours: Jun 3, 2025, 6:17 PM EDT
Cadence Design Systems Stock Forecast
Stock Price Forecast
According to 13 professional analysts, the 12-month price target for Cadence Design Systems stock ranges from a low of $200 to a high of $375. The average analyst price target of $325.62 forecasts a 11.01% increase in the stock price over the next year.
Price Target: $325.62 (+11.01%)
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Cadence Design Systems stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Dec '24 | Jan '25 | Feb '25 | Mar '25 | Apr '25 | May '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 6 | 5 | 5 | 5 | 5 |
| Buy | 6 | 6 | 5 | 5 | 6 | 6 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 13 | 14 | 12 | 12 | 13 | 13 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Wells Fargo | Wells Fargo | Buy Maintains $350 → $365 | Buy | Maintains | $350 → $365 | +24.43% | May 16, 2025 |
| Keybanc | Keybanc | Buy Maintains $355 → $375 | Buy | Maintains | $355 → $375 | +27.84% | May 15, 2025 |
| Needham | Needham | Strong Buy Reiterates $325 | Strong Buy | Reiterates | $325 | +10.80% | May 13, 2025 |
| B of A Securities | B of A Securities | Strong Buy Maintains $320 → $350 | Strong Buy | Maintains | $320 → $350 | +19.32% | Apr 29, 2025 |
| JP Morgan | JP Morgan | Buy Maintains $325 → $330 | Buy | Maintains | $325 → $330 | +12.50% | Apr 29, 2025 |
Financial Forecast
Revenue This Year
5.31B
from 4.64B
Increased by 14.49%
Revenue Next Year
5.95B
from 5.31B
Increased by 11.93%
EPS This Year
6.93
from 3.85
Increased by 80.05%
EPS Next Year
7.92
from 6.93
Increased by 14.31%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 5.7B | 6.4B | 7.0B | ||
| Avg | 5.3B | 5.9B | 6.6B | ||
| Low | 5.1B | 5.6B | 5.9B |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 22.6% | 20.1% | 18.3% | ||
| Avg | 14.5% | 11.9% | 11.7% | ||
| Low | 9.5% | 5.1% | -1.6% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 7.36 | 8.47 | 9.95 | ||
| Avg | 6.93 | 7.92 | 9.04 | ||
| Low | 6.61 | 7.10 | 7.11 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 91.2% | 22.2% | 25.6% | ||
| Avg | 80.0% | 14.3% | 14.1% | ||
| Low | 71.6% | 2.4% | -10.2% |
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.