Cadence Design Systems, Inc. (CDNS)
NASDAQ: CDNS · Real-Time Price · USD
318.04
+0.55 (0.17%)
At close: Jul 15, 2025, 4:00 PM
316.75
-1.29 (-0.41%)
After-hours: Jul 15, 2025, 6:33 PM EDT
Cadence Design Systems Stock Forecast
Stock Price Forecast
The 14 analysts that cover Cadence Design Systems stock have a consensus rating of "Strong Buy" and an average price target of $330.43, which forecasts a 3.9% increase in the stock price over the next year. The lowest target is $200 and the highest is $380.
Price Target: $330.43 (+3.9%)
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Cadence Design Systems stock 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 | Feb '25 | Mar '25 | Apr '25 | May '25 | Jun '25 | Jul '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 5 | 5 | 5 | 6 |
| Buy | 5 | 5 | 6 | 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 | 12 | 12 | 13 | 13 | 13 | 14 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Loop Capital | Loop Capital | Strong Buy Maintains $340 → $370 | Strong Buy | Maintains | $340 → $370 | +16.34% | Jul 14, 2025 |
| Goldman Sachs | Goldman Sachs | Strong Buy Initiates $380 | Strong Buy | Initiates | $380 | +19.48% | Jul 10, 2025 |
| Keybanc | Keybanc | Buy Maintains $340 → $358 | Buy | Maintains | $340 → $358 | +12.56% | Jul 10, 2025 |
| Wells Fargo | Wells Fargo | Buy Maintains $350 → $365 | Buy | Maintains | $350 → $365 | +14.77% | May 16, 2025 |
| Keybanc | Keybanc | Buy Maintains $355 → $375 | Buy | Maintains | $355 → $375 | +17.91% | May 15, 2025 |
Financial Forecast
Revenue This Year
5.31B
from 4.64B
Increased by 14.34%
Revenue Next Year
5.94B
from 5.31B
Increased by 11.85%
EPS This Year
6.93
from 3.85
Increased by 79.88%
EPS Next Year
7.93
from 6.93
Increased by 14.54%
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 | 5.1B | 5.6B | 5.9B |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 19.4% | 17.1% | 18.6% | ||
| Avg | 14.3% | 11.9% | 12.0% | ||
| Low | 9.1% | 5.2% | -1.4% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 7.23 | 8.47 | 9.95 | ||
| Avg | 6.93 | 7.93 | 9.09 | ||
| Low | 6.62 | 7.10 | 7.11 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 87.9% | 22.4% | 25.5% | ||
| Avg | 79.9% | 14.5% | 14.6% | ||
| Low | 71.8% | 2.5% | -10.3% |
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.