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Cadence Design Systems (CDNS)
NASDAQ:CDNS

Cadence Design (CDNS) Stock Forecast & Price Target

1,844 Followers
See the Price Targets and Ratings of:

CDNS Analyst Ratings

Moderate Buy
7Ratings
5 Buy
2 Hold
0 Sell
Based on 7 analysts giving stock ratings to
Cadence
Design
in the past 3 months
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers​ in the past 3 months

CDNS Stock 12 Months Forecast

Average Price Target

$272.00
▲(4.64% Upside)
Based on 7 Wall Street analysts offering 12 month price targets for Cadence Design in the last 3 months. The average price target is $272.00 with a high forecast of $305.00 and a low forecast of $250.00. The average price target represents a 4.64% change from the last price of $259.93.
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Highest Price Target$305.00Average Price Target$272.00Lowest Price Target$250.00
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.

Detailed List of Analyst Forecasts​

Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
Follow
Article
Needham
$235.00
Buy
-9.59%
Downside
Reiterated
04/25/23
Buy the Dip: Analysts Eye Cadences Pullback as Golden Opportunity After Q1 BeatNeedham analyst Dr. Charles Shi reiterates a Buy rating on Cadence with a price target of $235.
Wolfe Research
$210.00
Buy
-19.21%
Downside
Reiterated
02/14/23
Cadence Designs (CDNS) PT Raised to $210 at Wolfe ResearchWolfe Research analyst Gal Munda raised the price target on Cadence Designs (NASDAQ: CDNS) to $210.00 (from $180.00) while maintaining a Outperform rating.
Redburn Atlantic
$200.00
Buy
-23.06%
Downside
Upgraded
01/17/23
Atlantic Equities Upgrades Cadence Design Sys to Overweight, Announces $200 Price Target
CFRA Analyst forecast on CDNS
Unknown Analyst
Not Ranked
CFRA
$232.00
Buy
-10.75%
Downside
Downgraded
02/15/23
CFRA downgrades Cadence Designs (CDNS) to Buy

Best Analysts Covering Cadence Design

Which Analyst Should I Follow If I Want to Buy CDNS and Sell After:
1 Month
Joseph VruwinkRobert W. Baird
Success Rate
13/19 ratings generated profit
68%
Average Return
+0.83%
reiterated a buy rating 2 months ago
Copying Joseph Vruwink's trades and holding each position for 1 Month would result in 68.42% of your transactions generating a profit, with an average return of +0.83% per trade.
dummydummy
Success Rate
0/0 ratings generated profit
0%
Average Return
0.00%
a rating ―
Copying dummy's trades and holding each position for XXXX would result in 0.10% of your transactions generating a profit, with an average return of 0.00% per trade.
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3 Months
Vivek AryaBank of America Securities
Success Rate
11/13 ratings generated profit
85%
Average Return
+6.68%
reiterated a buy rating 2 months ago
Copying Vivek Arya's trades and holding each position for 3 Months would result in 84.62% of your transactions generating a profit, with an average return of +6.68% per trade.
dummydummy
Success Rate
0/0 ratings generated profit
0%
Average Return
0.00%
a rating ―
Copying dummy's trades and holding each position for XXXX would result in 0.10% of your transactions generating a profit, with an average return of 0.00% per trade.
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1 Year
Blair AbernethyRosenblatt Securities
Success Rate
8/9 ratings generated profit
89%
Average Return
+26.33%
reiterated a buy rating 2 months ago
Copying Blair Abernethy's trades and holding each position for 1 Year would result in 88.89% of your transactions generating a profit, with an average return of +26.33% per trade.
2 Years
Blair AbernethyRosenblatt Securities
Success Rate
9/9 ratings generated profit
100%
Average Return
+50.39%
reiterated a buy rating 2 months ago
Copying Blair Abernethy's trades and holding each position for 2 Years would result in 100.00% of your transactions generating a profit, with an average return of +50.39% per trade.
dummydummy
Success Rate
0/0 ratings generated profit
0%
Average Return
0.00%
a rating ―
Copying dummy's trades and holding each position for XXXX would result in 0.10% of your transactions generating a profit, with an average return of 0.00% per trade.
Premium Content
Find out which analyst has the highest Average Return & Success Rate
Go Premium
The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.
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CDNS Financial Forecast

CDNS Earnings Forecast

Next quarter’s earnings estimate for CDNS is $1.33 with a range of $1.33 to $1.35. The previous quarter’s EPS was $1.26. CDNS beat its EPS estimate 100.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 66.28% of the time in the same period. In the last calendar year CDNS has Outperformed its overall industry.
Next quarter’s earnings estimate for CDNS is $1.33 with a range of $1.33 to $1.35. The previous quarter’s EPS was $1.26. CDNS beat its EPS estimate 100.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 66.28% of the time in the same period. In the last calendar year CDNS has Outperformed its overall industry.

CDNS Sales Forecast

Next quarter’s sales forecast for CDNS is $1.06B with a range of $1.06B to $1.07B. The previous quarter’s sales results were $1.02B. CDNS beat its sales estimates 100.00% of the time in past 12 months, while its overall industry beat sales estimates 65.58% of the time in the same period. In the last calendar year CDNS has Outperformed its overall industry.
Next quarter’s sales forecast for CDNS is $1.06B with a range of $1.06B to $1.07B. The previous quarter’s sales results were $1.02B. CDNS beat its sales estimates 100.00% of the time in past 12 months, while its overall industry beat sales estimates 65.58% of the time in the same period. In the last calendar year CDNS has Outperformed its overall industry.

CDNS Analyst Recommendation Trends

In the current month, CDNS has received 0 Buy ratings 0 Hold ratings, and 0 Sell ratings. The CDNS average analyst price target in the past 3 months is $272.00
In the current month, CDNS has received 0 Buy ratings 0 Hold ratings, and 0 Sell ratings. The CDNS average analyst price target in the past 3 months is $272.00

CDNS Stock Forecast FAQ

What is CDNS’s average 12-month price target, according to analysts?
Based on analyst ratings, Cadence Design Systems’s 12-month average price target is $272.00.
    What is CDNS’s upside potential, based on the analysts’ average price target?
    Cadence Design Systems has 4.64% upside potential, based on the analysts’ average price target.
      Can I see which stocks the top-ranking analysts are rating?
      Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
        How can I follow the stock ratings of top Wall Street analysts?
        Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
          Is CDNS a Buy, Sell or Hold?
          Cadence Design Systems has a conensus rating of Moderate Buy which is based on 5 buy ratings, 2 hold ratings and 0 sell ratings.
            What is Cadence Design Systems’s price target?
            The average price target for Cadence Design Systems is $272.00. This is based on 7 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
            The highest analyst price target is $305.00 ,the lowest forecast is $250.00. The average price target represents 4.64% Increase from the current price of $259.93.
              What do analysts say about Cadence Design Systems?
              Cadence Design Systems’s analyst rating consensus is a Moderate Buy. This is based on the ratings of 7 Wall Streets Analysts.
                How can I buy shares of CDNS?
                Open a brokerage account, see exclusive account opening deals on our Best Online Brokers page.
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