Cadence Design Systems (CDNS) Stock Forecast & Price Target

$267.15 +4.73 (+1.80%)

Closing price 03/24/2025 04:00 PM Eastern

Extended Trading

$266.98 -0.17 (-0.07%)

As of 03/24/2025 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

$324.83
21.59% Upside

According to the 12 analysts' twelve-month price targets for Cadence Design Systems, the average price target is $324.83. The highest price target for CDNS is $355.00, while the lowest price target for CDNS is $200.00. The average price target represents a forecasted upside of 21.59% from the current price of $267.15.

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CDNS Analyst Ratings Over Time

Type	Current Forecast 3/25/24 to 3/25/25	1 Month Ago 2/24/24 to 2/23/25	3 Months Ago 12/26/23 to 12/25/24	1 Year Ago 3/26/23 to 3/25/24
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)	10 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	$324.83	$326.92	$327.92	$311.33
Forecasted Upside	21.59% Upside	26.58% Upside	6.27% Upside	-1.54% Downside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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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	2.69	2.54
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	21.59% Upside	629.15% Upside	16.93% Upside
News Sentiment Rating	Positive News See Recent CDNS News	Positive News	Positive News

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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
3/19/2025	Oppenheimer 3 of 5 stars	Edward Yang Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Underperform ➝ Underperform	$225.00 ➝ $200.00	-23.47%
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 Subscribe to MarketBeat All Access for the recommendation accuracy rating	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%
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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%
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 Tuesday at 07:32 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 Friday, March 21, 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.:

The current stock price is $258.50, which is significantly below its 12-month high of $328.99, indicating potential for price appreciation.
Cadence Design Systems, Inc. has a strong market capitalization of $70.91 billion, reflecting its substantial size and stability in the software industry.
The company reported a return on equity of 29.24%, showcasing its ability to generate profit from shareholders' equity, which is a positive indicator for investors.
Analysts have a consensus rating of "Moderate Buy" with an average price target of $324.83, suggesting that there is optimism about the stock's future performance.
With a current ratio of 2.93 and a quick ratio of 2.27, Cadence Design Systems, Inc. demonstrates strong liquidity, meaning it can easily meet its short-term obligations.

Cadence Design Systems
Bear Case

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

The company recently reported earnings per share (EPS) of $1.49, which missed the consensus estimate of $1.82 by $0.33, indicating potential challenges in meeting growth expectations.
Cadence Design Systems, Inc. has a price-to-earnings (P/E) ratio of 67.02, which is relatively high, suggesting that the stock may be overvalued compared to its earnings.
Insider selling activity has been noted, with the CEO selling 5,920 shares, which could signal a lack of confidence in the company's short-term prospects.
The PEG ratio of 3.88 indicates that the stock's price is high relative to its expected earnings growth, which may deter value-focused investors.
Despite a strong market cap, the company has a debt-to-equity ratio of 0.53, which, while manageable, indicates some reliance on debt financing that could pose risks in a rising interest rate environment.

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 $324.83, with a high forecast of $355.00 and a low forecast of $200.00.
: 12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cadence Design Systems in the last twelve months. There is currently 1 sell rating, 1 hold rating and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CDNS shares.
: According to analysts, Cadence Design Systems's stock has a predicted upside of 21.59% based on their 12-month stock forecasts.
: Cadence Design Systems has been rated by research analysts at Bank of America, Loop Capital, Needham & Company LLC, Oppenheimer, 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 2.69. Learn more on how CDNS compares to other companies.

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This page (NASDAQ:CDNS) was last updated on 3/25/2025 by MarketBeat.com Staff

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Cadence Design Systems (CDNS) Stock Forecast & Price Target