Cadence Design Systems Inc (CDNS) Stock Forecast & Price Target
Cadence Design Systems Inc · NASDAQ
$284.25-8.46 (-2.89%)
15-min delayed · Sep 8, 3:45 PM ET · Get real-time quotes →
The Quantellect read.Of the 13 firms covering Cadence Design Systems Inc, 11 rate it Buy or better, 1 sit at Hold, and 1 rate it Sell or worse, a moderate buy consensus. Targets range widely, $225.00 to $450.00 (about 2.0x), a sign of real disagreement on valuation. The average target of $397.00 sits 40% above the current $284.25. The rating mix has stayed broadly stable, with Buy-side ratings easing from 12 to 11 over recent months. On the fundamentals, the Street sees consensus EPS building from about $2.02 next quarter toward $9.54 the year after.Descriptive synthesis of third-party analyst data, not a Quantellect rating or recommendation.
ANALYST CONSENSUS13 ratings
Moderate Buy
Strong Buy00%
Buy1185%
Hold18%
Sell18%
Strong Sell00%
Based on 13 analysts giving stock ratings to Cadence Design Systems Inc.
As of Sep, 11 of 13 firms rate CDNS a Buy (1 Hold, 1 Sell), the standing distribution of every covering firm's most recent active call.
CDNS EPS & revenue forecast
EPS · NEXT QUARTER
$2.02
Range $1.97 – $2.16 · 18 analysts · +1% YoY
Next period, 18 analysts expect Cadence Design Systems Inc to earn $2.02 a share (range $1.97 – $2.16), versus $1.99 a year earlier. Full-year consensus is $4.81, growing to $9.54 the year after.
REVENUE · NEXT QUARTER
$1.6B
Range $1.6B – $1.7B · 18 analysts · +14% YoY
Revenue is expected to reach $1.6B (range $1.6B – $1.7B), +14.1% year-over-year. Full-year consensus is $6.3B, rising to $7.2B next year.
Top analysts covering Cadence Design Systems Inc
Ranked by each analyst's overall Quantellect track record across all the stocks they cover, shown with their current call on CDNS.
#1
Charles Shi
Needham · Rank #97
Buy
$400.00+40.7% to target
Overall win rate
50%
+ Follow
#2
Clarke Jeffries
Piper Sandler · Rank #418
Hold
$349.00+22.8% to target
Overall win rate
27%
+ Follow
#3
Blair Abernethy
Rosenblatt
Buy
$420.00+47.8% to target
Coverage
—
+ Follow
#4
LS
Lee Simpson
Morgan Stanley
Buy
$400.00+40.7% to target
Coverage
—
+ Follow
#5
Jason Celino
Keybanc
Buy
$425.00+49.5% to target
Coverage
—
+ Follow
CDNS stock forecast FAQ
What is CDNS's average 12-month price target?+
The 13 analysts with a live target average $397.00 for Cadence Design Systems Inc over the next 12 months, ranging from a $450.00 high to a $225.00 low.
Is CDNS stock a Buy, Sell or Hold right now?+
The current consensus is Moderate Buy. Of the 13 analyst ratings, 11 are Buy or Strong Buy, 1 are Hold, and 1 are Sell or Strong Sell.
What are the highest and lowest price targets for CDNS?+
The Street-high target is $450.00 (Benchmark), and the Street-low is $225.00 (Oppenheimer). The average of all 13 active targets is $397.00.
How many Wall Street analysts cover CDNS?+
13 analysts have an active rating on Cadence Design Systems Inc, and 13 firms carry a live 12-month price target.
Who is the most accurate analyst covering CDNS?+
Among analysts who currently cover CDNS, Charles Shi of Needham has the strongest overall Quantellect track record (Rank #97). Their current call is Buy with a $400.00 target.
What is Cadence Design Systems Inc's projected EPS for next quarter?+
The consensus estimate is $2.02 per share (range $1.97 – $2.16) across 18 analysts. Full-year EPS is projected at $4.81, rising to $9.54 the following year.
How much revenue is Cadence Design Systems Inc expected to report next quarter?+
Consensus revenue is $1.6B (range $1.6B – $1.7B). Full-year revenue is projected at $6.3B, growing to $7.2B next year.
Have analysts been upgrading or downgrading CDNS lately?+
As of Sep, 11 of 13 firms rate CDNS a Buy (1 Hold, 1 Sell), the standing distribution of every covering firm's most recent active call.
How are the analysts on this page ranked?+
By each analyst's overall Quantellect track record — a sample-adjusted measure of how accurate their calls have been across every stock they cover. We do not rank on their CDNS calls alone, since a single stock is too small a sample to be reliable.
Which data on this page is live, and how often does it update?+
Price and daily change are 15-minute delayed market data. Analyst ratings, targets, consensus and earnings estimates are aggregated from multiple data providers and refresh daily.
Disclaimer: Ratings, price targets, consensus and earnings estimates on this page describe third-party analyst research aggregated from multiple data providers and refreshed daily; price and daily change are 15-minute delayed. These are historical opinions, not recommendations, and nothing on this page, including The Quantellect read, is a rating, a price target, or investment advice from Quantellect. Always do your own research and consult a licensed financial advisor before making investment decisions.
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