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Cadence Design Systems (CDNS) Stock Forecast & Price Target

Cadence Design Systems logo
$251.56 -8.66 (-3.33%)
Closing price 04/21/2025 04:00 PM Eastern
Extended Trading
$255.66 +4.10 (+1.63%)
As of 04:45 AM Eastern
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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

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

$320.67
27.47% Upside
According to the 12 analysts' twelve-month price targets for Cadence Design Systems, the average price target is $320.67. 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 27.47% from the current price of $251.56.
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CDNS Analyst Ratings Over Time

TypeCurrent Forecast
4/22/24 to 4/22/25
1 Month Ago
3/23/24 to 3/23/25
3 Months Ago
1/23/24 to 1/22/25
1 Year Ago
4/23/23 to 4/22/24
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)
12 Buy rating(s)
7 Buy rating(s)
Hold
1 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
2 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$320.67$324.83$329.50$318.10
Forecasted Upside27.47% Upside23.78% Upside2.49% Upside11.61% 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.
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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.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Cadence Design Systems Stock vs. The Competition

TypeCadence Design SystemsComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.75
2.66
2.54
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside27.47% Upside150.14% Upside28.62% Upside
News Sentiment Rating
Positive News

See Recent CDNS News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
4/15/2025Mizuho
3 of 5 stars
S. Panigrahi
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Lower TargetOutperform ➝ Outperform$350.00 ➝ $300.00+15.14%
3/19/2025Oppenheimer
3 of 5 stars
Edward Yang
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Lower TargetUnderperform ➝ Underperform$225.00 ➝ $200.00-23.47%
2/20/2025Robert W. Baird
2 of 5 stars
Joe Vruwink
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Lower TargetOutperform ➝ Outperform$340.00 ➝ $335.00+21.73%
2/19/2025Loop Capital
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G. Mobley
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Lower TargetBuy ➝ Buy$360.00 ➝ $340.00+26.78%
2/19/2025Bank of America
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Vivek Arya
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Lower TargetBuy ➝ Buy$365.00 ➝ $350.00+16.50%
2/19/2025Rosenblatt Securities
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Blair Abernethy
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Boost TargetNeutral ➝ Neutral$280.00 ➝ $295.00-1.81%
2/19/2025Piper Sandler
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Clarke Jeffries
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Boost TargetOverweight ➝ Overweight$318.00 ➝ $328.00+9.18%
2/19/2025Needham & Company LLC
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Charles Shi
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Reiterated RatingBuy ➝ Buy$325.00 ➝ $325.00+8.18%
1/13/2025Redburn Atlantic
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L. Brown
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Initiated CoverageBuy$350.00+17.06%
11/22/2024Wells Fargo & Company
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G. Mobley
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Initiated CoverageOverweight$350.00+14.24%
10/15/2024Berenberg Bank
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N. Naing
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Initiated CoverageBuy$320.00+13.42%
6/27/2024KeyCorp
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 Boost TargetOverweight ➝ Overweight$350.00 ➝ $355.00+14.76%
2/14/2024Morgan Stanley
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 UpgradeEqual Weight ➝ Overweight$260.00 ➝ $350.00+18.91%
2/13/2024Stifel Nicolaus
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 Boost TargetBuy ➝ Buy$300.00 ➝ $350.00+14.16%
4/26/2023Deutsche Bank Aktiengesellschaft
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 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 05:05 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 Saturday, April 19, 2025. Please send any questions or comments about these Cadence Design Systems pros and cons to contact@marketbeat.com.

Cadence Design Systems
Bull Case

green Wall Street bull icon

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

  • The current stock price is around $260, which may present a buying opportunity for investors looking for growth in the tech sector.
  • Cadence Design Systems, Inc. has received multiple "buy" ratings from analysts, indicating strong confidence in the company's future performance.
  • The company reported a revenue of $1.36 billion for the latest quarter, slightly exceeding analyst expectations, showcasing its strong market position.
  • With a return on equity of over 29%, Cadence Design Systems, Inc. demonstrates effective management and profitability, which are attractive traits for investors.
  • The firm has a solid market capitalization of approximately $71.38 billion, indicating stability and a significant presence in the industry.

Cadence Design Systems
Bear Case

red Wall Street bear icon

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

  • The company recently missed earnings expectations, reporting an EPS of $1.49 compared to the consensus estimate of $1.82, which may raise concerns about its short-term performance.
  • Cadence Design Systems, Inc. has a relatively high PE ratio of 67.41, suggesting that the stock may be overvalued compared to its earnings, which could deter value-focused investors.
  • Analysts have varied opinions on the stock, with some rating it as a "hold," indicating uncertainty about its future growth potential.
  • The stock has experienced fluctuations, with a 1-year high of $328.99 and a low of $221.56, reflecting volatility that may concern risk-averse investors.
  • Recent adjustments in price targets by analysts suggest a cautious outlook, with some lowering their expectations for the stock's performance.

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 $320.67, with a high forecast of $355.00 and a low forecast of $200.00.

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 27.47% 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, Oppenheimer, Piper Sandler, 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 2.66. Learn more on how CDNS compares to other companies.


This page (NASDAQ:CDNS) was last updated on 4/22/2025 by MarketBeat.com Staff
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