Cadence Design Systems Inc
NASDAQ:CDNS

Watchlist Manager
Cadence Design Systems Inc Logo
Cadence Design Systems Inc
NASDAQ:CDNS
Watchlist
Price: 307.6 USD -0.32% Market Closed
Market Cap: 84.4B USD
Have any thoughts about
Cadence Design Systems Inc?
Write Note

Wall Street
Price Targets

CDNS Price Targets Summary
Cadence Design Systems Inc

Wall Street analysts forecast CDNS stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for CDNS is 327.1 USD with a low forecast of 227.25 USD and a high forecast of 383.25 USD.

Lowest
Price Target
227.25 USD
26% Downside
Average
Price Target
327.1 USD
6% Upside
Highest
Price Target
383.25 USD
25% Upside

CDNS Last Price Targets
Cadence Design Systems Inc

The latest public price target was made on Nov 11, 2024 by Gary Mobley from Loop Capital Markets , who expects CDNS stock to rise by 17% over the next 12 months. You can read more about this price target by viewing the article on StreetInsider.

Analyst Price Target Date Article
Gary Mobley
Loop Capital Markets
360 USD
Upside 17%
1 month ago
Nov 11, 2024
Loop Capital Starts Cadence Designs (CDNS) at Buy
StreetInsider
Vivek Arya
Bank of America Securities
310 USD
Upside 1%
1 month ago
Oct 29, 2024
Cadence Design price target lowered to $310 from $330 at BofA
TheFly
Charles Shi
Needham
315 USD
Upside 2%
1 month ago
Oct 29, 2024
Cadence Design price target lowered to $315 from $320 at Needham
TheFly
Ruben Roy
Stifel Nicolaus
350 USD
Upside 14%
1 month ago
Oct 29, 2024
Stifel Reiterates Buy Rating on Cadence Designs (CDNS)
StreetInsider
Jon Vruwink
Robert W. Baird
340 USD
Upside 11%
1 month ago
Oct 29, 2024
Cadence Designs (CDNS) PT Raised to $340 at Baird
StreetInsider
Siti Panigrahi
Mizuho Securities
325 USD
Upside 6%
2 months ago
Oct 21, 2024
Mizuho Starts Cadence Designs (CDNS) at Outperform
StreetInsider
Edward Yang
Oppenheimer
225 USD
Downside 27%
3 months ago
Sep 24, 2024
Cadence Design initiated with an Underperform at Oppenheimer
TheFly
Joe Vruwink
Robert W. Baird
338 USD
Upside 10%
5 months ago
Jul 23, 2024
Cadence Design price target lowered to $338 from $341 at Baird
TheFly
Jon Vruwink
Robert W. Baird
341 USD
Upside 11%
5 months ago
Jul 2, 2024
Cadence Designs (CDNS) PT Raised to $341 at Baird
StreetInsider
Jason Celino
KeyBanc
355 USD
Upside 15%
5 months ago
Jun 27, 2024
Cadence Designs (CDNS) PT Raised to $355 at KeyBanc
StreetInsider
Jason Celino
KeyBanc
350 USD
Upside 14%
6 months ago
Jun 6, 2024
Cadence Designs (CDNS) PT Raised to $350 at KeyBanc
StreetInsider
Clarke Jeffries
Piper Sandler
318 USD
Upside 3%
8 months ago
Apr 23, 2024
Cadence Designs (CDNS) PT Lowered to $318 at Piper Sandler
StreetInsider
Jon Vruwink
Robert W. Baird
322 USD
Upside 5%
8 months ago
Apr 18, 2024
Cadence Designs (CDNS) PT Raised to $322 at Baird
StreetInsider
Jason Celino
KeyBanc
340 USD
Upside 11%
8 months ago
Apr 15, 2024
Cadence Designs (CDNS) PT Raised to $340 at KeyBanc
StreetInsider
Clarke Jeffries
Piper Sandler
334 USD
Upside 9%
8 months ago
Apr 4, 2024
Cadence Design initiated with a Neutral at Piper Sandler
TheFly
Charles Shi
Needham
235 USD
Downside 24%
1 year ago
Apr 25, 2023
Buy the Dip: Analysts Eye Cadence's Pullback as Golden Opportunity After Q1 Beat
Benzinga
Show More Price Targets
Show Less Price Targets
Gary Mobley
Loop Capital Markets
Price Target 360 USD
Upside/Downside 17%
View Source
Vivek Arya
Bank of America Securities
Price Target 310 USD
Upside/Downside 1%
View Source
Charles Shi
Needham
Price Target 315 USD
Upside/Downside 2%
View Source
Ruben Roy
Stifel Nicolaus
Price Target 350 USD
Upside/Downside 14%
View Source
Jon Vruwink
Robert W. Baird
Price Target 340 USD
Upside/Downside 11%
View Source
Siti Panigrahi
Mizuho Securities
Price Target 325 USD
Upside/Downside 6%
View Source
Edward Yang
Oppenheimer
Price Target 225 USD
Upside/Downside 27%
View Source
Joe Vruwink
Robert W. Baird
Price Target 338 USD
Upside/Downside 10%
View Source
Jon Vruwink
Robert W. Baird
Price Target 341 USD
Upside/Downside 11%
View Source
Jason Celino
KeyBanc
Price Target 355 USD
Upside/Downside 15%
View Source
Jason Celino
KeyBanc
Price Target 350 USD
Upside/Downside 14%
View Source
Clarke Jeffries
Piper Sandler
Price Target 318 USD
Upside/Downside 3%
View Source
Jon Vruwink
Robert W. Baird
Price Target 322 USD
Upside/Downside 5%
View Source
Jason Celino
KeyBanc
Price Target 340 USD
Upside/Downside 11%
View Source
Clarke Jeffries
Piper Sandler
Price Target 334 USD
Upside/Downside 9%
View Source
Charles Shi
Needham
Price Target 235 USD
Upside/Downside 24%
View Source
Show More Price Targets
Show Less Price Targets
Cadence Design Systems Inc Competitors:
Price Targets
LAW
CS Disco Inc
44% Upside
EXAI
ExpertAi SpA
18% Upside
688088
ArcSoft Corp Ltd
4% Downside
RDCM
Radcom Ltd
37% Upside
TUYA
Tuya Inc
53% Upside
300271
Beijing Thunisoft Co Ltd
49% Downside
APP
Applovin Corp
3% Downside
8083
China Youzan Ltd
40% Downside

Revenue
Forecast

Revenue Estimate
Cadence Design Systems Inc

For the last 8 years the compound annual growth rate for Cadence Design Systems Inc's revenue is 12%. The projected CAGR for the next 4 years is 14%.

12%
Past Growth
14%
Estimated Growth
Estimates Accuracy
-2%
Average Miss

Operating Income
Forecast

Operating Income Estimate
Cadence Design Systems Inc

For the last 8 years the compound annual growth rate for Cadence Design Systems Inc's operating income is 20%. The projected CAGR for the next 4 years is 22%.

20%
Past Growth
22%
Estimated Growth
Estimates Accuracy
-37%
Average Miss

Net Income
Forecast

Net Income Estimate
Cadence Design Systems Inc

For the last 8 years the compound annual growth rate for Cadence Design Systems Inc's net income is 19%. The projected CAGR for the next 4 years is 23%.

19%
Past Growth
23%
Estimated Growth
Estimates Accuracy
-32%
Average Miss

See Also

Discover More
Why do you have more estimates than other sites?

Our estimates are sourced from the pool of sell-side and buy-side analysts that we have access to. What is available on other sites you are seeing are mostly from the sell-side analysts.

What is CDNS's stock price target?
Price Target
327.1 USD

According to Wall Street analysts, the average 1-year price target for CDNS is 327.1 USD with a low forecast of 227.25 USD and a high forecast of 383.25 USD.

What is Cadence Design Systems Inc's Revenue forecast?
Projected CAGR
14%

For the last 8 years the compound annual growth rate for Cadence Design Systems Inc's revenue is 12%. The projected CAGR for the next 4 years is 14%.

What is Cadence Design Systems Inc's Operating Income forecast?
Projected CAGR
22%

For the last 8 years the compound annual growth rate for Cadence Design Systems Inc's operating income is 20%. The projected CAGR for the next 4 years is 22%.

What is Cadence Design Systems Inc's Net Income forecast?
Projected CAGR
23%

For the last 8 years the compound annual growth rate for Cadence Design Systems Inc's net income is 19%. The projected CAGR for the next 4 years is 23%.

Back to Top