Cadence Design Systems, Inc. (CDNS)
NASDAQ: CDNS · Real-Time Price · USD
296.80
+3.24 (1.10%)
At close: Jun 24, 2025, 4:00 PM
297.25
+0.45 (0.15%)
After-hours: Jun 24, 2025, 6:02 PM EDT
Cadence Design Systems Stock Forecast
Stock Price Forecast
The 13 analysts that cover Cadence Design Systems stock have a consensus rating of "Buy" and an average price target of $325.62, which forecasts a 9.71% increase in the stock price over the next year. The lowest target is $200 and the highest is $375.
Price Target: $325.62 (+9.71%)
Analyst Consensus: Buy
* Price targets were last updated on May 16, 2025.
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 | Jan '25 | Feb '25 | Mar '25 | Apr '25 | May '25 | Jun '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 6 | 5 | 5 | 5 | 5 | 5 |
| Buy | 6 | 5 | 5 | 6 | 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 | 14 | 12 | 12 | 13 | 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 | +22.98% | May 16, 2025 |
| Keybanc | Keybanc | Buy Maintains $355 → $375 | Buy | Maintains | $355 → $375 | +26.35% | May 15, 2025 |
| Needham | Needham | Strong Buy Reiterates $325 | Strong Buy | Reiterates | $325 | +9.50% | May 13, 2025 |
| B of A Securities | B of A Securities | Strong Buy Maintains $320 → $350 | Strong Buy | Maintains | $320 → $350 | +17.92% | Apr 29, 2025 |
| JP Morgan | JP Morgan | Buy Maintains $325 → $330 | Buy | Maintains | $325 → $330 | +11.19% | Apr 29, 2025 |
Financial Forecast
Revenue This Year
5.29B
from 4.64B
Increased by 13.96%
Revenue Next Year
5.91B
from 5.29B
Increased by 11.72%
EPS This Year
6.92
from 3.85
Increased by 79.78%
EPS Next Year
7.92
from 6.92
Increased by 14.42%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 5.5B | 6.2B | 7.0B | ||
| Avg | 5.3B | 5.9B | 6.6B | ||
| Low | 4.8B | 5.2B | 5.9B |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 18.9% | 16.8% | 19.1% | ||
| Avg | 14.0% | 11.7% | 11.3% | ||
| Low | 2.6% | -1.1% | -1.0% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 7.23 | 8.47 | 9.95 | ||
| Avg | 6.92 | 7.92 | 9.02 | ||
| Low | 6.62 | 7.10 | 7.11 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 87.9% | 22.4% | 25.7% | ||
| Avg | 79.8% | 14.4% | 13.9% | ||
| Low | 71.8% | 2.5% | -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.