Cadence Design Systems (CDNS) Stock Forecast & Price Target

$301.47 +1.60 (+0.53%)

(As of 12/20/2024 05:31 PM ET)

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 13 Analyst Ratings

Sell
1

Hold
1

Buy
11

Based on 13 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 13 analysts, 1 has given a sell rating, 1 has given a hold rating, and 11 have given a buy rating for CDNS.

Consensus Price Target

$327.92
8.77% Upside

According to the 13 analysts' twelve-month price targets for Cadence Design Systems, the average price target is $327.92. The highest price target for CDNS is $360.00, while the lowest price target for CDNS is $225.00. The average price target represents a forecasted upside of 8.77% from the current price of $301.47.

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CDNS Analyst Ratings Over Time

Type	Current Forecast 12/24/23 to 12/23/24	1 Month Ago 11/24/23 to 11/23/24	3 Months Ago 9/25/23 to 9/24/24	1 Year Ago 12/24/22 to 12/24/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	11 Buy rating(s)	11 Buy rating(s)	8 Buy rating(s)	9 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)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$327.92	$326.00	$334.56	$264.50
Forecasted Upside	8.77% Upside	4.53% Upside	22.40% Upside	-4.10% 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	2.77	2.69	2.51
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	8.77% Upside	265.04% Upside	14.53% 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
12/13/2024	Mizuho 3 of 5 stars	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 3 of 5 stars	G. Mobley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Overweight	$350.00	+14.24%
11/11/2024	Loop Capital 2 of 5 stars	G. Mobley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$360.00	+19.64%
10/29/2024	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$280.00 ➝ $280.00	+1.36%
10/29/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$332.00 ➝ $340.00	+34.51%
10/29/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$320.00 ➝ $315.00	+24.62%
Get the Latest News and Ratings for CDNS and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Cadence Design Systems and its competitors with MarketBeat's FREE daily newsletter.
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%
9/25/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Underperform	$225.00	-17.68%
8/6/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Jeffries Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Overweight	$318.00 ➝ $318.00	+28.83%
6/27/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$350.00 ➝ $355.00	+14.76%
5/30/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$330.00 ➝ $350.00	+21.06%
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%
1/17/2023	Atlantic Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Overweight	$200.00	+18.16%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 08:38 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 Wednesday, December 11, 2024. 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. reported earnings per share of $1.64 for the latest quarter, exceeding analysts' expectations of $1.44, indicating strong financial performance and effective management.
The company achieved a revenue of $1.22 billion, surpassing the forecast of $1.18 billion, which reflects robust demand for its software and services.
With a net margin of 23.87% and a return on equity of 28.49%, Cadence Design Systems, Inc. demonstrates efficient operations and profitability, making it an attractive investment.
The stock is currently trading around $285, which is close to its 200-day moving average of $285.10, suggesting stability in its price performance.
Analysts forecast a strong earnings growth with an expected EPS of 4.75 for the current fiscal year, indicating potential for future profitability.

Cadence Design Systems
Bear Case

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

The stock has a high P/E ratio of 80.71, which may suggest that it is overvalued compared to its earnings, potentially leading to a price correction.
Despite recent growth, the company operates in a competitive market, which could impact its ability to maintain its revenue growth and market share.
Cadence Design Systems, Inc. has a beta of 1.03, indicating that its stock price is slightly more volatile than the market, which could pose risks for conservative investors.
Institutional investors hold 84.85% of the stock, which may lead to less liquidity and higher volatility if these investors decide to sell.
Recent analyst ratings show a mix of opinions, with one sell rating and only a moderate buy consensus, suggesting uncertainty in the stock's future performance.

CDNS Forecast - Frequently Asked Questions

: According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Cadence Design Systems is $327.92, with a high forecast of $360.00 and a low forecast of $225.00.
: 13 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 11 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 8.77% based on their 12-month stock forecasts.
: Cadence Design Systems has been rated by research analysts at Berenberg Bank, Loop Capital, Mizuho, Needham & Company LLC, Oppenheimer, Robert W. Baird, Rosenblatt Securities, and Wells Fargo & Company 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 2.77 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 12/23/2024 by MarketBeat.com Staff

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Cadence Design Systems (CDNS) Stock Forecast & Price Target