Menu
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.
Price
Target price
€272.05

€272.05

1.090%
2.95
1.090%
€309.60
 
22.07.25 / Tradegate WKN: 873567 / Symbol: CDNS / Name: Cadence Design / Stock / Software & IT Services / Large Cap /
Please give a prediction to see the opinions of the community
sharewise uses Wisdom of crowds to gather information regarding a security. Wisdom of crowds works best if you do not see the predictions of others before giving your estimate. Please click one button to see how the community sees this security.

Cadence Design Systems Stock

There is an upward development for Cadence Design Systems compared to yesterday, with an increase of €2.95 (1.090%).
With 32 Buy predictions and 2 Sell predictions Cadence Design Systems is one of the favorites of our community.
With a target price of 309 € there is a slightly positive potential of 13.58% for Cadence Design Systems compared to the current price of 272.05 €.
So far the community has only identified positive things for Cadence Design Systems stock. The most positive votes were given for criterium "Return on equity".

Pros and Cons of Cadence Design Systems in the next few years

Pros
?
M***** P*******
?
S********** s********
?
C******** o* t** e**********
Cons
?
B****
?
G***** c******* t* c**********
?
W********* I********* f** t** n*** y****
Tell us your opinion to access the 'Wisdom of the Crowds'

Performance of Cadence Design Systems vs. its peers

Security Change(%) 1w 1m 1y YTD 3y 5y
Cadence Design Systems 1.090% -0.533% 5.456% 5.128% -6.351% 63.782% 201.068%
Akamai Tech. 0.730% 1.538% -1.072% -22.941% -26.833% -26.936% -31.597%
Gartner Inc. 0.400% -5.592% -11.430% -28.304% -34.489% 20.183% 179.815%
Fortinet Inc. -2.040% 3.683% 5.524% 70.138% 0.527% 51.090% 294.601%

sharewise BeanCounterBot

The analysis provided is generated by an artificial intelligence system and is provided for informational purposes only. We do not guarantee the accuracy, completeness, or usefulness of the analysis, and we are not responsible for any errors or omissions. Use of the analysis is at your own risk.
Last updated at 2024-08-01

The financials of Cadence Design Systems (CDNS) present a compelling case for analysis within the Software & IT Services industry. The company showcases a solid revenue growth trajectory, impressive profitability metrics, and a robust market presence, which together paint a promising picture. However, while the financial performance appears strong, there are nuanced aspects that warrant closer examination, including high valuation multiples and potential risks.

Commencing with the positives, Cadence Design Systems demonstrates remarkable revenue growth and profitability. The total revenue for 2023 stands at approximately $4.09 billion, indicating a significant increase over previous years. With a gross profit of around $3.65 billion, the company maintains a strong gross profit margin that reflects effective cost control and demand for its software solutions.

*Pros: *

Comments

Prediction Buy
Perf. (%) -0.51%
Target price 307.944
Change
Ends at 22.07.26

Cadence Design Systems, Inc. (NASDAQ: CDNS) had its price target raised by analysts at Mizuho from $325.00 to $360.00. They now have an "outperform" rating on the stock.
Ratings data for CDNS provided by MarketBeat
Show more

Prediction Buy
Perf. (%) 0.41%
Target price 316.572
Change
Ends at 14.07.26

Cadence Design Systems, Inc. (NASDAQ: CDNS) had its price target raised by analysts at Loop Capital from $340.00 to $370.00. They now have a "buy" rating on the stock.
Ratings data for CDNS provided by MarketBeat
Show more

Prediction Buy
Perf. (%) -2.11%
Target price 323.608
Change
Ends at 10.07.26

Cadence Design Systems, Inc. (NASDAQ: CDNS) is now covered by analysts at The Goldman Sachs Group, Inc.. They set a "buy" rating and a $380.00 price target on the stock.
Ratings data for CDNS provided by MarketBeat
Show more