Cadence Design Systems, Inc. (CDNS)

Cadence Design Systems Stock Forecast

Stock Price Forecast

According to 15 professional analysts, the 12-month price target for Cadence Design Systems stock ranges from a low of $200 to a high of $405. The average analyst price target of $360.33 forecasts a 3.34% increase in the stock price over the next year.

Price Target: $360.33 (+3.34%)

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$200	$360.33	$380	$405
Change	-42.64%	+3.34%	+8.98%	+16.15%

Analyst Ratings

The average analyst rating for Cadence Design Systems stock is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Mar '25	Apr '25	May '25	Jun '25	Jul '25	Aug '25
Strong Buy	5	5	5	5	7	7
Buy	5	6	6	6	5	5
Hold	1	1	1	1	2	2
Sell	1	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	12	13	13	13	15	15

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Gary Mobley Loop Capital	Loop Capital	Strong Buy Maintains $370 → $390	Strong Buy	Maintains	$370 → $390	+11.85%	Jul 29, 2025
Harlan Sur JP Morgan	JP Morgan	Buy Maintains $330 → $390	Buy	Maintains	$330 → $390	+11.85%	Jul 29, 2025
Clarke Jeffries Piper Sandler	Piper Sandler	Buy → Hold Downgrades $328 → $355	Buy → Hold	Downgrades	$328 → $355	+1.81%	Jul 29, 2025
Joe Quatrochi Wells Fargo	Wells Fargo	Buy Maintains $365 → $405	Buy	Maintains	$365 → $405	+16.15%	Jul 29, 2025
Jason Celino Keybanc	Keybanc	Buy Maintains $358 → $405	Buy	Maintains	$358 → $405	+16.15%	Jul 29, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

5.30B

Increased by 14.19%

from 4.64B

Revenue Next Year

5.94B

Increased by 12.11%

from 5.30B

EPS This Year

6.93

Increased by 79.88%

from 3.85

EPS Next Year

7.93

Increased by 14.54%

from 6.93

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Jan 2, 2021	Jan 1, 2022	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	2.68B	2.99B	3.56B	4.09B	4.64B	5.30B	5.94B	6.65B
Revenue Growth	14.83%	11.38%	19.19%	14.83%	13.48%	14.19%	12.11%	11.83%
EPS	2.11	2.50	3.09	3.82	3.85	6.93	7.93	9.09
EPS Growth	-40.23%	18.48%	23.60%	23.63%	0.78%	79.88%	14.54%	14.61%
Forward PE	-	-	-	-	-	50.35	43.96	38.35
No. Analysts	-	-	-	-	-	24	24	12

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	7.1B
Avg	5.3B	5.9B	6.6B
Low	5.0B	5.6B	5.9B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	19.4%	17.3%	18.8%
Avg	14.2%	12.1%	11.8%
Low	8.4%	5.3%	-1.5%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	7.23	8.47	9.95
Avg	6.93	7.93	9.09
Low	6.62	7.10	7.11

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	87.9%	22.4%	25.5%
Avg	79.9%	14.5%	14.6%
Low	71.8%	2.5%	-10.3%

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.