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

OverviewForecast
EarningsDividendOwnership

Analyst price target for CDNS

Based on 7 analysts offering 12 month price targets for Cadence Design Systems Inc.
Min Forecast
$260.00-5.53%
Avg Forecast
$276.86+0.6%
Max Forecast
$300.00+9.01%

Should I buy or sell CDNS stock?

Based on 7 analysts offering ratings for Cadence Design Systems Inc.
Strong Buy
Strong Buy
5 analysts 71.43%
Buy
1 analysts 14.29%
Hold
1 analysts 14.29%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

Be the first to know when Wall Street analysts revise their CDNS stock forecasts and price targets.

CDNS stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2023-11-10
lockedlocked$00.00+00.00%2023-10-24
lockedlocked$00.00+00.00%2023-10-24
lockedlocked$00.00+00.00%2023-09-14
lockedlocked$00.00+00.00%2023-07-25Find Out Why
Stifel Nicolaus
Top 7%
94
Strong BuyUpgrades$300.00+9.01%2023-07-20Find out why
Wells Fargo
Top 9%
92
Strong BuyMaintains$270.00-1.89%2023-07-18Find out why

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Forecast return on equity

Is CDNS forecast to generate an efficient return?
Company
N/A
Industry
9.65%
Market
39.83%

Forecast return on assets

Is CDNS forecast to generate an efficient return on assets?
Company
N/A
Industry
3.52%

CDNS revenue forecast

What is CDNS's revenue in the next 3 years based on estimates from 6 analysts?
Avg 1 year Forecast
$4.1B+4.27%
Avg 2 year Forecast
$4.5B+15.64%
Avg 3 year Forecast
$5.0B+28.57%
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
2.23%
Industry
16.66%
Market
21.27%
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
7.77%
Industry
10.17%
Market
6.46%
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$275.21$276.86+0.60%Strong Buy
WDAY$263.49$270.28+2.58%Buy
SNOW$175.32$189.21+7.92%Strong Buy
ROP$525.83$548.70+4.35%Strong Buy
SHOP$73.33$65.05-11.29%Buy
View Top App Stocks

Cadence Design Systems Stock Forecast FAQ

Is Cadence Design Systems Stock a good buy in 2023, according to Wall Street analysts?

The consensus among 7 Wall Street analysts covering (NASDAQ: CDNS) stock is to Strong Buy CDNS stock.

Out of 7 analysts, 5 (71.43%) are recommending CDNS as a Strong Buy, 1 (14.29%) are recommending CDNS as a Buy, 1 (14.29%) 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 revenue growth forecast for 2023-2025?

(NASDAQ: CDNS) Cadence Design Systems's forecast annual revenue growth rate of 7.77% is not forecast to beat the US Software - Application industry's average forecast revenue growth rate of 10.17%, and while it is forecast to beat the US market's average forecast revenue growth rate of 6.46%.

Cadence Design Systems's revenue in 2023 is $3,921,240,000.On average, 6 Wall Street analysts forecast CDNS's revenue for 2023 to be $1,112,329,839,992, with the lowest CDNS revenue forecast at $1,110,012,960,000, and the highest CDNS revenue forecast at $1,117,924,522,960. On average, 6 Wall Street analysts forecast CDNS's revenue for 2024 to be $1,233,630,587,126, with the lowest CDNS revenue forecast at $1,195,848,521,000, and the highest CDNS revenue forecast at $1,274,596,866,900.

In 2025, CDNS is forecast to generate $1,371,565,749,064 in revenue, with the lowest revenue forecast at $1,291,396,695,400 and the highest revenue forecast at $1,445,723,864,900.

What is CDNS's forecast return on assets (ROA) for 2023-2025?

(NASDAQ: CDNS) forecast ROA is N/A, which is lower than the forecast US Software - Application industry average of 3.52%.

What is CDNS's Price Target?

According to 7 Wall Street analysts that have issued a 1 year CDNS price target, the average CDNS price target is $276.86, with the highest CDNS stock price forecast at $300.00 and the lowest CDNS stock price forecast at $260.00.

On average, Wall Street analysts predict that Cadence Design Systems's share price could reach $276.86 by Nov 10, 2024. The average Cadence Design Systems stock price prediction forecasts a potential upside of 0.6% from the current CDNS share price of $275.21.

What is CDNS's forecast return on equity (ROE) for 2023-2025?

(NASDAQ: CDNS) forecast ROE is N/A, which is considered weak.
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