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NASDAQ: CDNS
Cadence Design Systems Inc Stock Forecast, Predictions & Price Target

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Analyst price target for CDNS

Based on 10 analysts offering 12 month price targets for Cadence Design Systems Inc.
Min Forecast
$175.00+6.67%
Avg Forecast
$193.50+17.94%
Max Forecast
$215.00+31.05%

Should I buy or sell CDNS stock?

Based on 10 analysts offering ratings for Cadence Design Systems Inc.
Buy
Strong Buy
4 analysts 40%
Buy
2 analysts 20%
Hold
4 analysts 40%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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CDNS stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Rosenblatt
Bottom 5%
5
Strong BuyMaintains$175.00+6.67%2022-10-24
Deutsche Bank
Bottom 28%
28
Strong BuyInitiates Coverage On$200.00+21.91%2022-09-29
Stifel Nicolaus
Top 9%
92
HoldInitiates Coverage On$200.00+21.91%2022-09-08
Wolfe Research
Bottom 16%
16
BuyInitiates Coverage On$210.00+28.00%2022-08-17
Needham
Bottom 13%
13
BuyMaintains$200.00+21.91%2022-07-26
Bank of America
Top 9%
92
HoldUpgrades$175.00+6.67%2022-06-29
UBS
Bottom 39%
39
HoldMaintains$180.00+9.72%2022-04-26
KeyBanc
Bottom 4%
4
Strong BuyMaintains$215.00+31.05%2022-04-26
JP Morgan
Top 23%
78
HoldMaintains$175.00+6.67%2022-02-23
Wells Fargo
Top 17%
84
Strong BuyMaintains$205.00+24.95%2021-12-21

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Forecast return on equity

Is CDNS forecast to generate an efficient return?
Company
30.69%
Industry
10.26%
Market
50.96%
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
16.73%
Industry
3.7%
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 3 analysts?
Avg 1 year Forecast
$3.31+14.93%
Avg 2 year Forecast
$3.63+26.04%
Avg 3 year Forecast
$3.03+5.21%
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
$3.5B+1.84%
Avg 2 year Forecast
$3.7B+8.9%
Avg 3 year Forecast
$3.9B+14.73%
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
8.65%
Industry
37.61%
Market
20.2%
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
4.21%
Industry
12.16%
Market
6.42%
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$164.06$193.50+17.94%Buy
SNOW$142.87$197.07+37.93%Buy
WDAY$169.33$203.55+20.21%Strong Buy
ADSK$196.63$239.83+21.97%Buy
SHOP$38.64$212.67+450.38%Buy

Cadence Design Systems Stock Forecast FAQ

Is Cadence Design Systems Stock a good buy in 2022, according to Wall Street analysts?

The consensus among 10 Wall Street analysts covering (NASDAQ: CDNS) stock is to Buy CDNS stock.

Out of 10 analysts, 4 (40%) are recommending CDNS as a Strong Buy, 2 (20%) are recommending CDNS as a Buy, 4 (40%) are recommending CDNS as a Hold, 0 (0%) are recommending CDNS as a Sell, and 0 (0%) are recommending CDNS as a Strong Sell.

If you're new to stock investing, here's how to buy Cadence Design Systems stock.

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

(NASDAQ: CDNS) Cadence Design Systems's forecast annual earnings growth rate of 8.65% is not forecast to beat the US Software - Application industry's average forecast earnings growth rate of 37.61%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 20.2%.

Cadence Design Systems's earnings in 2022 is $785,139,000.On average, 3 Wall Street analysts forecast CDNS's earnings for 2022 to be $907,985,960, with the lowest CDNS earnings forecast at $905,242,800, and the highest CDNS earnings forecast at $907,985,960. On average, 3 Wall Street analysts forecast CDNS's earnings for 2023 to be $995,767,080, with the lowest CDNS earnings forecast at $949,133,360, and the highest CDNS earnings forecast at $1,042,400,800.

In 2024, CDNS is forecast to generate $831,177,480 in earnings, with the lowest earnings forecast at $831,177,480 and the highest earnings forecast at $831,177,480.

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

(NASDAQ: CDNS) Cadence Design Systems's forecast annual revenue growth rate of 4.21% is not forecast to beat the US Software - Application industry's average forecast revenue growth rate of 12.16%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 6.42%.

Cadence Design Systems's revenue in 2022 is $3,434,877,000.On average, 3 Wall Street analysts forecast CDNS's revenue for 2022 to be $959,617,717,520, with the lowest CDNS revenue forecast at $958,844,146,400, and the highest CDNS revenue forecast at $960,561,364,560. On average, 3 Wall Street analysts forecast CDNS's revenue for 2023 to be $1,026,102,589,176, with the lowest CDNS revenue forecast at $1,001,664,874,000, and the highest CDNS revenue forecast at $1,051,261,206,800.

In 2024, CDNS is forecast to generate $1,080,997,061,200 in revenue, with the lowest revenue forecast at $1,080,997,061,200 and the highest revenue forecast at $1,080,997,061,200.

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

(NASDAQ: CDNS) forecast ROA is 16.73%, which is higher than the forecast US Software - Application industry average of 3.7%.

What is CDNS's Price Target?

According to 10 Wall Street analysts that have issued a 1 year CDNS price target, the average CDNS price target is $193.50, 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 $193.50 by Oct 24, 2023. The average Cadence Design Systems stock price prediction forecasts a potential upside of 17.94% from the current CDNS share price of $164.06.

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

(NASDAQ: CDNS) Cadence Design Systems's current Earnings Per Share (EPS) is $2.88. On average, analysts forecast that CDNS's EPS will be $3.31 for 2022, with the lowest EPS forecast at $3.30, and the highest EPS forecast at $3.31. On average, analysts forecast that CDNS's EPS will be $3.63 for 2023, with the lowest EPS forecast at $3.46, and the highest EPS forecast at $3.80. 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 30.69%, which is considered strong.
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