Cadence Design Systems, Inc. (CDNS)
NASDAQ: CDNS · Real-Time Price · USD
310.34
+4.56 (1.49%)
May 12, 2025, 3:29 PM - Market open
Cadence Design Systems Stock Forecast
Stock Price Forecast
The 13 analysts with 12-month price forecasts for Cadence Design Systems stock have an average target of 322.92, with a low estimate of 200 and a high estimate of 355. The average target predicts an increase of 4.05% from the current stock price of 310.34.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Cadence Design Systems stock from 13 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Nov '24 | Dec '24 | Jan '25 | Feb '25 | Mar '25 | Apr '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 6 | 5 | 5 | 5 |
| Buy | 6 | 6 | 6 | 5 | 5 | 6 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 13 | 13 | 14 | 12 | 12 | 13 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| B of A Securities | B of A Securities | Strong Buy Maintains $320 → $350 | Strong Buy | Maintains | $320 → $350 | +12.78% | Apr 29, 2025 |
| JP Morgan | JP Morgan | Buy Maintains $325 → $330 | Buy | Maintains | $325 → $330 | +6.33% | Apr 29, 2025 |
| Mizuho | Mizuho | Buy Maintains $300 → $325 | Buy | Maintains | $300 → $325 | +4.72% | Apr 29, 2025 |
| Baird | Baird | Buy Maintains $293 → $325 | Buy | Maintains | $293 → $325 | +4.72% | Apr 29, 2025 |
| Rosenblatt | Rosenblatt | Hold Maintains $295 → $300 | Hold | Maintains | $295 → $300 | -3.33% | Apr 29, 2025 |
Financial Forecast
Revenue This Year
5.29B
from 4.64B
Increased by 14.06%
Revenue Next Year
5.93B
from 5.29B
Increased by 11.96%
EPS This Year
6.85
from 3.85
Increased by 77.84%
EPS Next Year
7.87
from 6.85
Increased by 14.96%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 5.5B | 6.2B | 7.0B | ||
| Avg | 5.3B | 5.9B | 6.6B | ||
| Low | 5.0B | 5.5B | 5.8B |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 18.6% | 17.9% | 18.9% | ||
| Avg | 14.1% | 12.0% | 12.2% | ||
| Low | 8.7% | 4.8% | -1.4% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 7.26 | 8.46 | 10.01 | ||
| Avg | 6.85 | 7.87 | 9.01 | ||
| Low | 6.43 | 7.09 | 7.10 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 88.5% | 23.6% | 27.1% | ||
| Avg | 77.8% | 15.0% | 14.4% | ||
| Low | 67.0% | 3.5% | -9.7% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.