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Cadence Design Systems Inc
NASDAQ:CDNS

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Cadence Design Systems Inc Logo
Cadence Design Systems Inc
NASDAQ:CDNS
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Price: 258.79 USD 0.16% Market Closed
Updated: Jul 27, 2024
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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 336.57 USD with a low forecast of 282.8 USD and a high forecast of 372.75 USD.

Lowest
Price Target
282.8 USD
9% Upside
Average
Price Target
336.57 USD
30% Upside
Highest
Price Target
372.75 USD
44% Upside

CDNS Last Price Targets
Cadence Design Systems Inc

The latest public price target was made on Jul 23, 2024 by Joe Vruwink from Robert W. Baird , who expects CDNS stock to rise by 31% over the next 12 months. You can read more about this price target by viewing the article on TheFly.

Analyst Price Target Date Article
Joe Vruwink
Robert W. Baird
338 USD
Upside 31%
4 days ago
Jul 23, 2024
Cadence Design price target lowered to $338 from $341 at Baird
TheFly
Jon Vruwink
Robert W. Baird
341 USD
Upside 32%
3 weeks ago
Jul 2, 2024
Cadence Designs (CDNS) PT Raised to $341 at Baird
StreetInsider
Jason Celino
KeyBanc
355 USD
Upside 37%
1 month ago
Jun 27, 2024
Cadence Designs (CDNS) PT Raised to $355 at KeyBanc
StreetInsider
Jason Celino
KeyBanc
350 USD
Upside 35%
1 month ago
Jun 6, 2024
Cadence Designs (CDNS) PT Raised to $350 at KeyBanc
StreetInsider
Clarke Jeffries
Piper Sandler
318 USD
Upside 23%
3 months ago
Apr 23, 2024
Cadence Designs (CDNS) PT Lowered to $318 at Piper Sandler
StreetInsider
Jon Vruwink
Robert W. Baird
322 USD
Upside 24%
3 months ago
Apr 18, 2024
Cadence Designs (CDNS) PT Raised to $322 at Baird
StreetInsider
Jason Celino
KeyBanc
340 USD
Upside 31%
3 months ago
Apr 15, 2024
Cadence Designs (CDNS) PT Raised to $340 at KeyBanc
StreetInsider
Clarke Jeffries
Piper Sandler
334 USD
Upside 29%
3 months ago
Apr 4, 2024
Cadence Design initiated with a Neutral at Piper Sandler
TheFly
Charles Shi
Needham
235 USD
Downside 9%
1 year ago
Apr 25, 2023
Buy the Dip: Analysts Eye Cadence's Pullback as Golden Opportunity After Q1 Beat
Benzinga
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Joe Vruwink
Robert W. Baird
Price Target 338 USD
Upside/Downside 31%
View Source
Jon Vruwink
Robert W. Baird
Price Target 341 USD
Upside/Downside 32%
View Source
Jason Celino
KeyBanc
Price Target 355 USD
Upside/Downside 37%
View Source
Jason Celino
KeyBanc
Price Target 350 USD
Upside/Downside 35%
View Source
Clarke Jeffries
Piper Sandler
Price Target 318 USD
Upside/Downside 23%
View Source
Jon Vruwink
Robert W. Baird
Price Target 322 USD
Upside/Downside 24%
View Source
Jason Celino
KeyBanc
Price Target 340 USD
Upside/Downside 31%
View Source
Clarke Jeffries
Piper Sandler
Price Target 334 USD
Upside/Downside 29%
View Source
Charles Shi
Needham
Price Target 235 USD
Upside/Downside 9%
View Source
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Cadence Design Systems Inc Competitors:
Price Targets
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9% Upside
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1% Upside
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FormPipe Software AB
24% Upside
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36% Upside
DSE
Dropsuite Ltd
20% Upside
TEAM
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33% Upside
BSY
Bentley Systems Inc
29% Upside
4375
Safie Inc
5% 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 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 29%.

20%
Past Growth
29%
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 30%.

19%
Past Growth
30%
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
336.57 USD

According to Wall Street analysts, the average 1-year price target for CDNS is 336.57 USD with a low forecast of 282.8 USD and a high forecast of 372.75 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
29%

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 29%.

What is Cadence Design Systems Inc's Net Income forecast?
Projected CAGR
30%

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 30%.