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Cadence Design Systems Inc
NASDAQ:CDNS

Watchlist Manager
Cadence Design Systems Inc Logo
Cadence Design Systems Inc
NASDAQ:CDNS
Watchlist
Price: 277.66 USD -1.46% Market Closed
Updated: Apr 25, 2024

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 335.97 USD with a low forecast of 282.8 USD and a high forecast of 367.5 USD.

Lowest
Price Target
282.8 USD
2% Upside
Average
Price Target
335.97 USD
21% Upside
Highest
Price Target
367.5 USD
32% Upside

CDNS Last Price Targets
Cadence Design Systems Inc

The latest public price target was made on Apr 23, 2024 by Clarke Jeffries from Piper Sandler , who expects CDNS stock to rise by 15% over the next 12 months. You can read more about this price target by viewing the article on StreetInsider.

Analyst Price Target Date Article
Clarke Jeffries
Piper Sandler
318 USD
Upside 15%
2 days ago
Apr 23, 2024
Cadence Designs (CDNS) PT Lowered to $318 at Piper Sandler
StreetInsider
Jon Vruwink
Robert W. Baird
322 USD
Upside 16%
1 week ago
Apr 18, 2024
Cadence Designs (CDNS) PT Raised to $322 at Baird
StreetInsider
Jason Celino
KeyBanc
340 USD
Upside 22%
1 week ago
Apr 15, 2024
Cadence Designs (CDNS) PT Raised to $340 at KeyBanc
StreetInsider
Clarke Jeffries
Piper Sandler
334 USD
Upside 20%
3 weeks ago
Apr 4, 2024
Cadence Design initiated with a Neutral at Piper Sandler
TheFly
Charles Shi
Needham
235 USD
Downside 15%
1 year ago
Apr 25, 2023
Buy the Dip: Analysts Eye Cadence's Pullback as Golden Opportunity After Q1 Beat
Benzinga
Clarke Jeffries
Piper Sandler
Price Target 318 USD
Upside/Downside 15%
View Source
Jon Vruwink
Robert W. Baird
Price Target 322 USD
Upside/Downside 16%
View Source
Jason Celino
KeyBanc
Price Target 340 USD
Upside/Downside 22%
View Source
Clarke Jeffries
Piper Sandler
Price Target 334 USD
Upside/Downside 20%
View Source
Charles Shi
Needham
Price Target 235 USD
Upside/Downside 15%
View Source
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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 3 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 3 years is 31%.

20%
Past Growth
31%
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 3 years is 32%.

19%
Past Growth
32%
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
335.97 USD

According to Wall Street analysts, the average 1-year price target for CDNS is 335.97 USD with a low forecast of 282.8 USD and a high forecast of 367.5 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 3 years is 14%.

What is Cadence Design Systems Inc's Operating Income forecast?
Projected CAGR
31%

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 3 years is 31%.

What is Cadence Design Systems Inc's Net Income forecast?
Projected CAGR
32%

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 3 years is 32%.