Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Cadence Design Systems Inc Market Cap
The Cadence Design Systems Inc (CDNS) share price is expected to increase by 2.99% over the next year. This is based on calculating the average 12-month share price estimate provided by 20 stock analysts who have covered CDNS. Price targets range from $225 at the low end to $365 at the high end. The current analyst consensus for CDNS is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
CDNS is a stock in Technology which has been forecasted to be worth $318.0155 as an average. On the higher end, the forecast price is $365 USD by from and on the lower end CDNS is forecasted to be $225 by Vivek Arya from B of A Securities.
These are the latest 20 analyst ratings of CDNS.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Joe Quatrochi Wells Fargo | Overweight | $350 | Initiates | Nov 22, 2024 |
| Gary Mobley Loop Capital | Buy | $360 | Initiates | Nov 11, 2024 |
| Charles Shi Needham | Buy | $315 | Maintains | Oct 29, 2024 |
| Blair Abernethy Rosenblatt | Neutral | $280 | Maintains | Oct 29, 2024 |
| Joe Vruwink Baird | Outperform | $340 | Maintains | Oct 29, 2024 |
| Siti Panigrahi Mizuho | Outperform | $325 | Initiates | Oct 22, 2024 |
| Nay Soe Naing Berenberg | Buy | $320 | Initiates | Oct 15, 2024 |
| Blair Abernethy Rosenblatt | Neutral | $280 | Maintains | Oct 7, 2024 |
| Edward Yang Oppenheimer | Underperform | $225 | Initiates | Sep 25, 2024 |
| Clarke Jeffries Piper Sandler | Overweight | $318 | Upgrade | Aug 6, 2024 |
| Blair Abernethy Rosenblatt | Neutral | $280 | Maintains | Aug 6, 2024 |
| Joe Vruwink Baird | Outperform | $338 | Maintains | Jul 23, 2024 |
| Charles Shi Needham | Buy | $320 | Reiterates | Jul 23, 2024 |
| Clarke Jeffries Piper Sandler | Neutral | $318 | Maintains | Jul 10, 2024 |
| Joe Vruwink Baird | Outperform | $341 | Maintains | Jul 2, 2024 |
| Jason Celino Keybanc | Overweight | $355 | Maintains | Jun 27, 2024 |
| Vivek Arya B of A Securities | Buy | $350 | Maintains | May 30, 2024 |
| Charles Shi Needham | Buy | $320 | Reiterates | May 17, 2024 |
| Charles Shi Needham | Buy | $320 | Reiterates | Apr 23, 2024 |
| Clarke Jeffries Piper Sandler | Neutral | $318 | Maintains | Apr 23, 2024 |
When did it IPO
1990
Staff Count
12,703
Country
United States
Sector/Industry
Technology/Software - Application
CEO
Dr. Anirudh Devgan Ph.D.
Market Cap
$83.06B
In 2023, CDNS generated $4.09B in revenue, which was a increase of 14.83% from the previous year. This can be seen as a signal that CDNS's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Fri, 06 Dec 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - Cadence (CDNS) is currently attracting significant attention from Zacks.com users, indicating potential interest and analysis around its future performance.
Why It Matters - Increased attention on Cadence (CDNS) indicates potential volatility or growth, signaling investors to analyze its fundamentals and market trends closely for strategic decisions.
Fri, 06 Dec 2024
Sentiment - POSITIVE
Source - Market Watch
Summary - Some software stocks have risen beyond analysts' price targets, indicating potential overvaluation despite overall growth in the sector.
Why It Matters - Software stocks surpassing analysts' price targets may signal overvaluation, raising the risk of corrections and impacting market sentiment and portfolio decisions.
Wed, 04 Dec 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - Cadence's tools and IP portfolio support ASTS in developing the AST5000 ASIC chip for its BlueBird program, enhancing AST SpaceMobile's capabilities.
Why It Matters - Cadence's tools enhance ASTS's ASIC chip, critical for BlueBird, indicating strong tech integration and potential growth in AST SpaceMobile’s operations, impacting investor confidence and stock performance.
Mon, 02 Dec 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - Anirudh Devgan from Cadence will present at the Nasdaq Investor Conference, indicating potential insights into the company's performance and strategy.
Why It Matters - Cadence's presentation at the Nasdaq Investor Conference signals potential insights into company performance and market strategy, influencing investor sentiment and stock valuation.
Mon, 25 Nov 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - Cadence (CDNS) is gaining attention from Zacks.com users, indicating potential interest that could impact the stock's future performance. Investors should monitor developments closely.
Why It Matters - Increased interest from Zacks.com users may indicate growing investor sentiment or momentum, potentially influencing Cadence's stock performance and trading volume.
Wed, 27 Nov 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - Cadence (CDNS) reported earnings 30 days ago; investors should monitor upcoming developments and market reactions for future stock performance.
Why It Matters - Cadence's recent earnings report can influence stock performance, affecting investor sentiment and expectations for future growth or risks, which are critical for stock valuation.
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