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Home โบ Stocks โบ Cadence Design Systems Inc. (CDNS) Stock Forecast & Price Prediction United States | NASDAQ | Technology | Software - Application
$295.40
-1.44 (-0.49%)Did CDNS Make This Month's Elite Buy List?
We don't follow just any analyst โ only the top 3% with a proven track record make our cut. See if Cadence is one of their latest high-conviction picks.
Based on our analysis of 29 Wall Street analysts, CDNS has a bullish consensus with a median price target of $325.00 (ranging from $200.00 to $365.00). The overall analyst rating is Strong Buy (8.5/10). Currently trading at $295.40, the median forecast implies a 10.0% upside. This outlook is supported by 18 Buy, 4 Hold, and 1 Sell ratings.
The most optimistic forecast comes from Joe Quatrochi at Wells Fargo, projecting a 23.6% upside. Conversely, the most conservative target is provided by Edward Yang at Oppenheimer, suggesting a 32.3% downside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
These are the latest 20 analyst ratings and price targets for CDNS.
Date | Firm | Analyst | Rating | Change | Price Target |
---|---|---|---|---|---|
May 16, 2025 | Wells Fargo | Joe Quatrochi | Overweight | Maintains | $365.00 |
May 15, 2025 | Keybanc | Jason Celino | Overweight | Maintains | $375.00 |
May 13, 2025 | Needham | Charles Shi | Buy | Reiterates | $325.00 |
Apr 29, 2025 | Baird | Joe Vruwink | Outperform | Maintains | $325.00 |
Apr 29, 2025 | Rosenblatt | Blair Abernethy | Neutral | Maintains | $300.00 |
Apr 29, 2025 | Mizuho | Siti Panigrahi | Outperform | Maintains | $325.00 |
Apr 29, 2025 | JP Morgan | Harlan Sur | Overweight | Maintains | $330.00 |
Apr 29, 2025 | B of A Securities | Vivek Arya | Buy | Maintains | $350.00 |
Apr 29, 2025 | Needham | Charles Shi | Buy | Reiterates | $325.00 |
Apr 24, 2025 | JP Morgan | Harlan Sur | Overweight | Upgrade | $325.00 |
Apr 16, 2025 | B of A Securities | Buy | Maintains | $0.00 | |
Apr 15, 2025 | Mizuho | Siti Panigrahi | Outperform | Maintains | $300.00 |
Mar 19, 2025 | Oppenheimer | Edward Yang | Underperform | Maintains | $200.00 |
Feb 20, 2025 | Baird | Joe Vruwink | Outperform | Maintains | $335.00 |
Feb 19, 2025 | Rosenblatt | Blair Abernethy | Neutral | Maintains | $295.00 |
Feb 19, 2025 | Loop Capital | Gary Mobley | Buy | Maintains | $340.00 |
Feb 19, 2025 | Needham | Charles Shi | Buy | Reiterates | $325.00 |
Feb 19, 2025 | Piper Sandler | Clarke Jeffries | Overweight | Maintains | $328.00 |
Feb 19, 2025 | B of A Securities | Vivek Arya | Buy | Maintains | $350.00 |
Jan 13, 2025 | Redburn Atlantic | Lachlan Brown | Buy | Initiates | $350.00 |
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Cadence Design Systems Inc. has a market capitalization of $81.05B with a P/E ratio of 75.1x. The company generates $4.87B in trailing twelve-month revenue with a 22.2% profit margin.
Revenue growth is +23.1% quarter-over-quarter, while maintaining an operating margin of +29.1% and return on equity of +25.9%.
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Specializes in electronic design automation software.
The company generates revenue primarily through the sale of its EDA software and engineering services. By providing essential tools that support the design and verification of integrated circuits, Cadence serves a diverse clientele, including semiconductor manufacturers and companies in telecommunications, consumer electronics, and automotive sectors.
Cadence Design Systems is recognized as a leader in the semiconductor industry's supply chain, offering innovative solutions that enhance efficiency in chip design. Its products are crucial for fostering advancements in technology across multiple industries.
Technology
Software - Application
12,837
Dr. Anirudh Devgan Ph.D.
United States
1990
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The average brokerage recommendation (ABR) for Cadence (CDNS) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?
CDNS and Samsung have renewed their partnership to enhance next-generation chip design using AI-driven intellectual property on advanced technology nodes.
The CDNS and Samsung collaboration signals innovation in chip design, potentially enhancing competitive advantage and growth prospects, which may positively influence stock performance.
Wall Street analysts' recommendations influence investor decisions on stocks. Media reports on their rating changes can impact stock prices significantly.
Wall Street analysts' ratings influence stock prices and investor sentiment, impacting trading decisions and market trends. Their credibility can sway investment strategies significantly.
Cadence has expanded its collaboration with Samsung Foundry, establishing a multi-year IP agreement and joint development on the SF2P process node.
Cadence's collaboration with Samsung Foundry enhances its market position and potential revenue through IP agreements, signaling growth opportunities in advanced semiconductor technologies.
Cadence Design Systems has strong recurring revenues and client retention, driven by its AI products. While facing risks like cyclicality and high valuation, it maintains robust cash flow and buybacks.
Cadence Design Systems' strong market position and AI-driven growth prospects attract investor interest, while risks like cyclicality and valuation levels warrant careful consideration.
Zacks.com users are closely monitoring Cadence (CDNS), indicating potential investor interest. Further analysis of the stock's prospects may be warranted.
Increased user interest in Cadence (CDNS) may indicate potential stock volatility or upcoming news, prompting investors to analyze its future performance and market sentiment.
Cadence is partnering with NVIDIA to develop optimized solutions for the first industrial AI cloud.
Cadence's collaboration with NVIDIA on industrial AI cloud solutions signals potential growth in AI technology, which could enhance market competitiveness and drive stock performance for both companies.
Based on our analysis of 29 Wall Street analysts, Cadence Design Systems Inc. (CDNS) has a median price target of $325.00. The highest price target is $365.00 and the lowest is $200.00.
According to current analyst ratings, CDNS has 18 Buy ratings, 4 Hold ratings, and 1 Sell ratings. The stock is currently trading at $295.40. Always conduct your own research and consider your investment goals before making investment decisions.
Wall Street analysts predict CDNS stock could reach $325.00 in the next 12 months. This represents a 10.0% increase from the current price of $295.40. Please note that this is a projection by Wall Street analysts and not a guarantee.
The company generates revenue primarily through the sale of its EDA software and engineering services. By providing essential tools that support the design and verification of integrated circuits, Cadence serves a diverse clientele, including semiconductor manufacturers and companies in telecommunications, consumer electronics, and automotive sectors.
The highest price target for CDNS is $365.00 from Joe Quatrochi at Wells Fargo, which represents a 23.6% increase from the current price of $295.40.
The lowest price target for CDNS is $200.00 from Edward Yang at Oppenheimer, which represents a -32.3% decrease from the current price of $295.40.
The overall analyst consensus for CDNS is bullish. Out of 29 Wall Street analysts, 18 rate it as Buy, 4 as Hold, and 1 as Sell, with a median price target of $325.00.
Stock price projections, including those for Cadence Design Systems Inc., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.