Cadence Design Systems, Inc. (CDNS)
NASDAQ: CDNS · Real-Time Price · USD
310.97
+5.37 (1.76%)
At close: Jan 21, 2025, 4:00 PM
312.67
+1.70 (0.55%)
After-hours: Jan 21, 2025, 7:30 PM EST
Cadence Design Systems Stock Forecast
Stock Price Forecast
The 14 analysts with 12-month price forecasts for CDNS stock have an average target of 329.5, with a low estimate of 225 and a high estimate of 360. The average target predicts an increase of 5.96% from the current stock price of 310.97.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for CDNS stock from 14 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 | Jan '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 4 | 5 | 5 | 6 |
| Buy | 5 | 5 | 6 | 6 | 6 | 6 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 9 | 10 | 12 | 13 | 13 | 14 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Redburn Atlantic | Redburn Atlantic | Strong Buy Initiates $350 | Strong Buy | Initiates | $350 | +12.55% | Jan 13, 2025 |
| Mizuho | Mizuho | Buy Maintains $325 → $350 | Buy | Maintains | $325 → $350 | +12.55% | Dec 13, 2024 |
| Wells Fargo | Wells Fargo | Buy Initiates $350 | Buy | Initiates | $350 | +12.55% | Nov 22, 2024 |
| Loop Capital | Loop Capital | Strong Buy Initiates $360 | Strong Buy | Initiates | $360 | +15.77% | Nov 11, 2024 |
| Rosenblatt | Rosenblatt | Hold Maintains $280 | Hold | Maintains | $280 | -9.96% | Oct 29, 2024 |
Financial Forecast
Revenue This Year
4.73B
from 4.09B
Increased by 15.60%
Revenue Next Year
5.36B
from 4.73B
Increased by 13.45%
EPS This Year
6.04
from 3.82
Increased by 58.07%
EPS Next Year
6.99
from 6.04
Increased by 15.75%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 4.9B | 5.7B | 6.7B | |||
| Avg | 4.7B | 5.4B | 6.0B | |||
| Low | 4.5B | 5.0B | 5.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 19.6% | 21.3% | 24.9% | |||
| Avg | 15.6% | 13.5% | 12.2% | |||
| Low | 10.8% | 6.1% | 2.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 6.30 | 7.52 | 8.95 | |||
| Avg | 6.04 | 6.99 | 8.02 | |||
| Low | 5.78 | 6.34 | 6.53 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 64.9% | 24.5% | 28.0% | |||
| Avg | 58.1% | 15.8% | 14.8% | |||
| Low | 51.4% | 5.0% | -6.6% |
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.