Cadence Design Systems Inc

Cadence Design Systems Inc Stock Forecast & Price Prediction

Live Cadence Design Systems Inc Stock (CDNS) Price
$305.57

8

Ratings

  • Buy 8
  • Hold 0
  • Sell 0
Disclaimer : The analyst ratings and price forecast data are provided by Tradefeeds. The data is sourced from Wall Street analysts and other experienced experts. The figures presented are solely a forecast and not a guarantee of future price performance. The information presented is not a recommendation to buy or sell the stock.

Stock Price

$305.57

P/E Ratio

P/E Ratio not available for CDNS

Volume Traded Today

$2.2M

Dividend

Dividends not available for CDNS

52 Week High/low

315.70/189.30

Cadence Design Systems Inc Market Cap

$79.16B

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CDNS Summary

The Cadence Design Systems Inc (CDNS) share price is expected to increase by 7.59% over the next year. This is based on calculating the average 12-month share price estimate provided by 8 stock analysts who have covered CDNS. Price targets range from $310.00 at the low end to $350.00 at the high end. The current analyst consensus for CDNS is a buy. Please note analyst price targets are not guaranteed and could be missed completely.

CDNS Analyst Ratings

CDNS is a stock in Technology which has been forecasted to be worth $328.75 as an average. On the higher end, the forecast price is $350.00 USD by ruben roy from Stifel Nicolaus and on the lower end CDNS is forecasted to be $310.00 by aaron rakers from Wells Fargo.

CDNS stock forecast by analyst

Analyst/Firm

Rating

Price Target

Change

Date

lee simpson
Morgan Stanley

Buy

$350.0

upgraded

Feb 14, 2024
jason celino
KeyBanc

Buy

$335.0

rated

Feb 13, 2024
ruben roy
Stifel Nicolaus

Buy

$350.0

rated

Feb 13, 2024
gal munda
Wolfe Research

Buy

$320.0

maintained

Feb 13, 2024
charles shi
Needham

Buy

$320.0

maintained

Feb 13, 2024
gary mobley
Wells Fargo

Buy

$330.0

maintained

Feb 12, 2024
aaron rakers
Wells Fargo

Buy

$310.0

maintained

Jan 3, 2024
vivek arya
Bank of America Securities

Buy

$315.0

maintained

Dec 15, 2023
harlan sur
J.P. Morgan

Hold

$250.0

maintained

Oct 24, 2023
joseph vruwink
Robert W. Baird

Buy

$262.0

maintained

Oct 23, 2023
blair abernethy
Rosenblatt Securities

Buy

$265.0

maintained

Oct 19, 2023
gianmarco conti
Deutsche Bank

Buy

$264.0

maintained

Jul 26, 2023
andrew degasperi
Berenberg Bank

Buy

$265.0

maintained

Jul 26, 2023
peter sazel
Atlantic Equities

Buy

$200.0

upgraded

Jan 17, 2023
johannes schaller cfa
Deutsche Bank

Buy

$200.0

initiatedcoverage

Sep 28, 2022
pradeep ramani
UBS

Hold

$180.0

maintained

Apr 26, 2022
jackson ader
MoffettNathanson

Hold

$175.0

maintained

Feb 23, 2022
john pitzer
Credit Suisse

Hold

$175.0

maintained

Oct 26, 2021
thomas diffely
D.A. Davidson

Buy

$165.0

maintained

Apr 27, 2021
jay vleeschhouwer
Griffin

Buy

$90.0

maintained

Feb 13, 2020

CDNS Company Information

Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification. The company also provides digital IC design and sign off products, including Genus synthesis and Joules RTL power solutions, as well as Modus DFT software solution to reduce systems-on-chip design-for-test time; physical implementation tools, such as place and route, optimization, and multiple patterning preparation; and Innovus implementation system, a physical implementation system. In addition, it offers custom IC design and simulation products to create schematic and physical representations of circuits down to the transistor level for analog, mixed-signal, custom digital, memory, and radio frequency designs; and system design and analysis products to develop printed circuit boards and IC packages, as well as to analyze electromagnetic, electro-thermal, and other multi-physics effects. Further, the company provides intellectual property (IP) products comprising pre-verified and customizable functional blocks to integrate into customer's ICs; and verification IP with memory models to emulate and model the expected behavior and interaction of standard industry system interface protocols. Additionally, it offers services related to methodology, education, and hosted design solutions, as well as technical support and maintenance services. The company serves consumer, hyperscale computing, 5G communications, mobile, automotive, aerospace and defense, industrial, and life science industries. Cadence Design Systems, Inc. was incorporated in 1987 and is headquartered in San Jose, California.

CDNS
Cadence Design Systems Inc (CDNS)

When did it IPO

0

Staff Count

11,200

Country

United States

Sector/Industry

Technology/Software—Application

CEO

Dr. Anirudh Devgan Ph.D.

Market Cap

$79.16B

Cadence Design Systems Inc(CDNS) Financial Data

In 2023, CDNS generated $0 in revenue, which was a increase of 0.00% from the previous year. This can be seen as a signal that CDNS's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2019

N/A

Revenue From 2020

N/A

0.00 %
From Previous Year

Revenue From 2021

N/A

0.00 %
From Previous Year

Revenue From 2022

N/A

0.00 %
From Previous Year
  • Revenue TTM $4.09B
  • Operating Margin TTM 0.32%
  • Gross profit TTM $3.65B
  • Return on assets TTM 0.15%
  • Return on equity TTM 0.34%
  • Profit margin 0.25456%
  • Book value 12.53%
  • Market capitalisation $79.16B
  • Revenue for 2020 N/A
  • Revenue for 2021 N/A
  • Revenue for 2022 N/A
  • EPS this year 3.81
  • EPS next year N/A
... ...

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CDNS Frequently asked questions

The highest forecasted price for CDNS is $350.00 from ruben roy at Stifel Nicolaus.

The lowest forecasted price for CDNS is $310.00 from aaron rakers from Wells Fargo

The CDNS analyst ratings consensus are 8 buy ratings, 0 hold ratings, and 0 sell ratings.