Cadence Design Systems (CDNS) Stock Forecast & Price Target

$258.27 -11.96 (-4.43%)

Closing price 02/21/2025 03:59 PM Eastern

Extended Trading

$258.54 +0.27 (+0.10%)

As of 02/21/2025 07:59 PM Eastern

Cadence Design Systems - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 12 Analyst Ratings

Sell
1

Hold
1

Buy
10

Based on 12 Wall Street analysts who have issued ratings for Cadence Design Systems in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 12 analysts, 1 has given a sell rating, 1 has given a hold rating, and 10 have given a buy rating for CDNS.

Consensus Price Target

$326.92
26.58% Upside

According to the 12 analysts' twelve-month price targets for Cadence Design Systems, the average price target is $326.92. The highest price target for CDNS is $355.00, while the lowest price target for CDNS is $225.00. The average price target represents a forecasted upside of 26.58% from the current price of $258.27.

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CDNS Analyst Ratings Over Time

Type	Current Forecast 2/24/24 to 2/23/25	1 Month Ago 1/25/24 to 1/24/25	3 Months Ago 11/26/23 to 11/25/24	1 Year Ago 2/24/23 to 2/24/24
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	10 Buy rating(s)	12 Buy rating(s)	11 Buy rating(s)	7 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$326.92	$329.50	$326.00	$311.33
Forecasted Upside	26.58% Upside	2.81% Upside	4.36% Upside	2.57% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

CDNS Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CDNS Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Cadence Design Systems Stock vs. The Competition

Type	Cadence Design Systems	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.75	2.68	2.53
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	26.58% Upside	58.13% Upside	14.35% Upside
News Sentiment Rating	Positive News See Recent CDNS News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
2/20/2025	Robert W. Baird 2 of 5 stars	Joe Vruwink Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform ➝ Outperform	$340.00 ➝ $335.00	+21.73%
2/19/2025	Loop Capital 2 of 5 stars	G. Mobley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$360.00 ➝ $340.00	+26.78%
2/19/2025	Bank of America 3 of 5 stars	Vivek Arya Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$365.00 ➝ $350.00	+16.50%
2/19/2025	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Blair Abernethy Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$280.00 ➝ $295.00	-1.81%
2/19/2025	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	Clarke Jeffries Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$318.00 ➝ $328.00	+9.18%
2/19/2025	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Charles Shi Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$325.00 ➝ $325.00	+8.18%
1/13/2025	Redburn Atlantic Subscribe to MarketBeat All Access for the recommendation accuracy rating	L. Brown Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$350.00	+17.06%
12/13/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Panigrahi Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$325.00 ➝ $350.00	+13.56%
11/22/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	G. Mobley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Overweight	$350.00	+14.24%
10/15/2024	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating	N. Naing Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$320.00	+13.42%
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9/25/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Underperform	$225.00	-17.68%
6/27/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$350.00 ➝ $355.00	+14.76%
2/14/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Equal Weight ➝ Overweight	$260.00 ➝ $350.00	+18.91%
2/13/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$300.00 ➝ $350.00	+14.16%
4/26/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$222.00 ➝ $230.00	+12.74%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 03:59 AM ET.

Should I Buy Cadence Design Systems Stock? CDNS Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, February 16, 2025. Please send any questions or comments about these Cadence Design Systems pros and cons to contact@marketbeat.com.

Cadence Design Systems
Bull Case

Here are some ways that investors could benefit from investing in Cadence Design Systems, Inc.:

Cadence Design Systems, Inc. has received multiple upgrades from analysts, with Mizuho recently raising their target price to $350.00, indicating strong confidence in the company's growth potential.
The stock is currently trading at approximately $303.87, which may present a buying opportunity for investors looking to enter at a lower price before potential gains.
With a consensus rating of "Moderate Buy" and an average price target of $329.50, the overall sentiment among analysts suggests a favorable outlook for the stock.
Cadence Design Systems, Inc. has a solid market capitalization of $83.34 billion, reflecting its strong position in the industry and potential for continued growth.
The company has a healthy financial profile, with a quick ratio of 2.27 and a current ratio of 2.45, indicating good short-term liquidity and the ability to cover its liabilities.

Cadence Design Systems
Bear Case

Investors should be bearish about investing in Cadence Design Systems, Inc. for these reasons:

The stock has a high price-to-earnings (P/E) ratio of 79.76, which may suggest that it is overvalued compared to its earnings, potentially leading to a price correction.
Insider selling has been notable, with significant shares sold by both the CEO and VP, which could indicate a lack of confidence in the stock's short-term performance.
Despite positive analyst ratings, one investment analyst has issued a sell rating, highlighting potential risks that investors should consider.
The company has a beta of 1.03, indicating that its stock price tends to move in line with the market, which may not provide the stability some investors seek.
Recent reports show that the stock has experienced fluctuations, which could lead to volatility and uncertainty for investors looking for stable returns.

CDNS Forecast - Frequently Asked Questions

: According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Cadence Design Systems is $326.92, with a high forecast of $355.00 and a low forecast of $225.00.
: 12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cadence Design Systems in the last year. There is currently 1 sell rating, 1 hold rating and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CDNS shares.
: According to analysts, Cadence Design Systems's stock has a predicted upside of 26.58% based on their 12-month stock forecasts.
: Cadence Design Systems has been rated by research analysts at Bank of America, Loop Capital, Mizuho, Needham & Company LLC, Piper Sandler, Redburn Atlantic, Robert W. Baird, and Rosenblatt Securities in the past 90 days.
: Analysts like Cadence Design Systems more than other "computer and technology" companies. The consensus rating score for Cadence Design Systems is 2.75 while the average consensus rating score for "computer and technology" companies is 2.68. Learn more on how CDNS compares to other companies.

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This page (NASDAQ:CDNS) was last updated on 2/23/2025 by MarketBeat.com Staff

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Cadence Design Systems (CDNS) Stock Forecast & Price Target