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NASDAQ: CDNS
CADENCE DESIGN SYSTEMS INC Stock Forecast, Predictions & Price Target

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OverviewForecast
EarningsDividendOwnership

Analyst price target for CDNS

Based on 8 analysts offering 12 month price targets for CADENCE DESIGN SYSTEMS INC.
Min Forecast
$175.00+11.03%
Avg Forecast
$187.88+19.19%
Max Forecast
$215.00+36.4%

Should I buy or sell CDNS stock?

Based on 8 analysts offering ratings for CADENCE DESIGN SYSTEMS INC.
Buy
Strong Buy
4 analysts 50%
Buy
1 analysts 12.5%
Hold
3 analysts 37.5%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

CDNS stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
UBS
Bottom 27%
27
HoldMaintains$180.00+14.20%2022-04-26
KeyBanc
Bottom 3%
3
Strong BuyMaintains$215.00+36.40%2022-04-26
Needham
Bottom 9%
9
BuyMaintains$193.00+22.45%2022-04-26
JP Morgan
Top 25%
76
HoldMaintains$175.00+11.03%2022-02-23
Berenberg
Top 10%
91
Strong BuyUpgrades$180.00+14.20%2022-02-23
Rosenblatt
Bottom 8%
8
Strong BuyMaintains$180.00+14.20%2022-02-23
Wells Fargo
Top 25%
76
Strong BuyMaintains$205.00+30.06%2021-12-21
Credit Suisse
Top 24%
77
HoldMaintains$175.00+11.03%2021-10-26

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Forecast return on equity

Is CDNS forecast to generate an efficient return?
Company
30.27%
Industry
10.34%
Market
39.08%
CDNS's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is CDNS forecast to generate an efficient return on assets?
Company
19.01%
Industry
3.73%
CDNS is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

CDNS earnings per share forecast

What is CDNS's earnings per share in the next 3 years based on estimates from 2 analysts?
Avg 1 year Forecast
$3.13+15.07%
Avg 2 year Forecast
$3.49+28.31%
Avg 3 year Forecast
$3.03+11.4%
CDNS's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

CDNS revenue forecast

What is CDNS's revenue in the next 3 years based on estimates from 3 analysts?
Avg 1 year Forecast
$3.4B+7.83%
Avg 2 year Forecast
$3.7B+16.06%
Avg 3 year Forecast
$3.8B+20.6%
CDNS's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

CDNS earnings growth forecast

How is CDNS forecast to perform vs Software - Application companies and vs the US market?
Company
9.41%
Industry
21.46%
Market
16.07%
CDNS's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
CDNS's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
CDNS's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

CDNS revenue growth forecast

How is CDNS forecast to perform vs Software - Application companies and vs the US market?
Company
7.3%
Industry
16.66%
Market
8.42%
CDNS's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
CDNS's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

CDNS vs App Stocks

TickerPricePrice TargetUp/downsideConsensus
CDNS$157.62$187.88+19.19%Buy
ADSK$192.48$267.77+39.12%Strong Buy
UBER$23.03$54.74+137.69%Strong Buy
SNOW$151.53$223.52+47.51%Strong Buy
WDAY$152.05$252.00+65.73%Strong Buy
View Top App Stocks

CADENCE DESIGN SYSTEMS Stock Forecast FAQ

Is CADENCE DESIGN SYSTEMS Stock a good buy in 2022, according to Wall Street analysts?

The consensus among 8 Wall Street analysts covering (NASDAQ: CDNS) stock is to Buy CDNS stock.

Out of 8 analysts, 4 (50%) are recommending CDNS as a Strong Buy, 1 (12.5%) are recommending CDNS as a Buy, 3 (37.5%) are recommending CDNS as a Hold, 0 (0%) are recommending CDNS as a Sell, and 0 (0%) are recommending CDNS as a Strong Sell.

What is CDNS's earnings growth forecast for 2022-2024?

(NASDAQ: CDNS) CADENCE DESIGN SYSTEMS's forecast annual earnings growth rate of 9.41% is not forecast to beat the US Software - Application industry's average forecast earnings growth rate of 21.46%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 16.07%.

CADENCE DESIGN SYSTEMS's earnings in 2022 is $744,121,000.On average, 2 Wall Street analysts forecast CDNS's earnings for 2022 to be $863,125,670, with the lowest CDNS earnings forecast at $854,852,900, and the highest CDNS earnings forecast at $871,398,440. On average, 2 Wall Street analysts forecast CDNS's earnings for 2023 to be $962,398,910, with the lowest CDNS earnings forecast at $921,035,060, and the highest CDNS earnings forecast at $1,001,005,170.

In 2024, CDNS is forecast to generate $835,549,770 in earnings, with the lowest earnings forecast at $835,549,770 and the highest earnings forecast at $835,549,770.

What is CDNS's revenue growth forecast for 2022-2024?

(NASDAQ: CDNS) CADENCE DESIGN SYSTEMS's forecast annual revenue growth rate of 7.3% is not forecast to beat the US Software - Application industry's average forecast revenue growth rate of 16.66%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 8.42%.

CADENCE DESIGN SYSTEMS's revenue in 2022 is $3,153,982,000.On average, 3 Wall Street analysts forecast CDNS's revenue for 2022 to be $937,798,449,610, with the lowest CDNS revenue forecast at $923,426,166,289, and the highest CDNS revenue forecast at $946,873,678,300. On average, 3 Wall Street analysts forecast CDNS's revenue for 2023 to be $1,009,388,243,600, with the lowest CDNS revenue forecast at $979,854,454,700, and the highest CDNS revenue forecast at $1,027,588,337,600.

In 2024, CDNS is forecast to generate $1,048,904,508,300 in revenue, with the lowest revenue forecast at $1,048,904,508,300 and the highest revenue forecast at $1,048,904,508,300.

What is CDNS's forecast return on assets (ROA) for 2022-2024?

(NASDAQ: CDNS) forecast ROA is 19.01%, which is higher than the forecast US Software - Application industry average of 3.73%.

What is CDNS's Price Target?

According to 8 Wall Street analysts that have issued a 1 year CDNS price target, the average CDNS price target is $187.88, with the highest CDNS stock price forecast at $215.00 and the lowest CDNS stock price forecast at $175.00.

On average, Wall Street analysts predict that CADENCE DESIGN SYSTEMS's share price could reach $187.88 by Apr 26, 2023. The average CADENCE DESIGN SYSTEMS stock price prediction forecasts a potential upside of 19.19% from the current CDNS share price of $157.62.

What is CDNS's Earnings Per Share (EPS) forecast for 2022-2024?

(NASDAQ: CDNS) CADENCE DESIGN SYSTEMS's current Earnings Per Share (EPS) is $2.72. On average, analysts forecast that CDNS's EPS will be $3.13 for 2022, with the lowest EPS forecast at $3.10, and the highest EPS forecast at $3.16. On average, analysts forecast that CDNS's EPS will be $3.49 for 2023, with the lowest EPS forecast at $3.34, and the highest EPS forecast at $3.63. In 2024, CDNS's EPS is forecast to hit $3.03 (min: $3.03, max: $3.03).

What is CDNS's forecast return on equity (ROE) for 2022-2024?

(NASDAQ: CDNS) forecast ROE is 30.27%, which is considered strong.
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