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 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.
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 |
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.
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
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
Revenue From 2020
Revenue From 2021
Revenue From 2022
CRWD-USD
$292.36
EQIX-USD
$864.73
CME-USD
$215
CSX-USD
$37.1
$79.5
$241.63