CDNS - Cadence Design Systems - Stock Forecast

Technology - Sector
Coverage Profile Stock analysts Price Targets & Ratings Chart Insider Trading

CDNS is currently covered by 10 analysts with an average price target of $321.85. This is a potential upside of $27.57 (9.37%) from yesterday's end of day stock price of $294.28.

Cadence Design Systems's activity chart (see below) currently has 151 price targets and 144 ratings on display. The stock rating distribution of CDNS is 1.75% SELL, 85.96% BUY and 12.28% HOLD.

Stock Analyst Price Targets - Review

Analysts average stock forecasts to be materialized ratio is 91.1% with an average time for these price targets to be met of 89 days.

Highest price target for CDNS is $350, Lowest price target is $250, average price target is $321.85.

Most recent stock forecast was given by CHARLES SHI from NEEDHAM on 17-May-2024. First documented stock forecast 13-May-2010.

What is Cadence Design Systems?

Cadence Design Systems is a top EDA software, hardware, and service provider globally. Their products are used in various industries such as 5G, aerospace, automotive, healthcare, and more.

What Made Cadence Design Systems Famous?

Cadence Design Systems,  is famous for its contributions to the electronic design industry, including its development of functional verification services, digital IC design and sign-off products, physical implementation tools, and custom IC design and simulation products. The company’s solutions enable designers and engineers to create and verify complex IC designs with greater accuracy, efficiency, and reliability.

What Are the Famous Products or Services of Cadence Design Systems?

JasperGold

This formal verification platform ensures the correctness of digital designs using a combination of automated reasoning and analysis techniques.

Xcelium

This parallel logic simulation platform can handle large designs and complex test benches with high performance and accuracy.

Palladium

This enterprise emulation platform offers fast execution and debugging of hardware and software designs, as well as advanced verification options.

Protium

This prototyping platform enables the creation of physical prototypes of designs that can run at or near real-time speeds for software development, hardware/software co-verification, and system validation.

Genus

This logic synthesis tool uses advanced algorithms and optimization techniques to generate high-quality RTL designs with optimal power, performance, and area trade-offs.

Innovus

This physical implementation system is highly automated, providing a comprehensive range of capabilities for place and route, optimization, and design-for-manufacturability.

Modus

This software solution helps to reduce the time and cost of test development by providing a highly automated flow for test pattern generation and optimization, as well as integration with industry-standard test tools.

Custom IC Design and Simulation

This suite of tools includes Virtuoso, a comprehensive custom IC design and layout environment, as well as Spectre, a high-performance simulation and analysis tool for analog and mixed-signal designs.

System Design and Analysis

This suite of tools includes Allegro, a PCB design and analysis tool, as well as Sigrity, a comprehensive suite of tools for signal and power integrity analysis.

Verification IP

This library of per-verified and customizable functional blocks includes a range of standard and industry-specific protocols for connectivity, memory, and system-level design.

IP Products

This range of per-verified and customizable functional blocks covers a broad range of digital, analog, and mixed-signal IP for various applications, as well as a range of specialized IP for security, safety, and connectivity.

Services

Cadence offers a range of services, including consulting, training, and support for its products, as well as hosted design solutions for various applications and industries.

Cadence Design Systems’ Success So Far

This company has revolutionized electronic design with innovative products and services. Their commitment to diverse customer needs has established a strong global presence. Cadence is now a recognized industry leader in over 220 countries. Their success is due to their innovation and dedication to exceptional customer service.

Currently out of the existing stock ratings of CDNS, 1 are a SELL (1.75%), 49 are a BUY (85.96%), 7 are a HOLD (12.28%).

Analyst name

Rating

Current price target

Potential Upside

Previous price target

Date

Price targets met ratio

Average potential upside

Average Time (Days) For PT To Be Met

Performance score

Buy

320

$25.72 (8.74%)

320

9 days ago

10/13 (76.92%)

$31.19 (10.80%)

71

Hold

280

$-14.28 (-4.85%)

280

1 months 4 days ago

12/12 (100%)

$-5.02 (-1.76%)

46

Buy

340

$45.72 (15.54%)

335

1 months 11 days ago

11/14 (78.57%)

$38.44 (12.75%)

160

Buy

350

$55.72 (18.93%)

260

3 months 12 days ago

1/2 (50%)

$49.26 (16.38%)

26

Buy

350

$55.72 (18.93%)

300

3 months 13 days ago

7/8 (87.5%)

$55.67 (18.91%)

141

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What is CDNS (Cadence Design Systems) average time for price targets to be met?

On average it took 89 days on average for the stock forecasts to be realized with a an average price target met ratio 91.1

Which analyst has the current highest performing score on CDNS (Cadence Design Systems) with a proven track record?

VIVEK ARYA

Which analyst has the most public recommendations on CDNS (Cadence Design Systems)?

Vivek Arya works at BAML and has 17 price targets and 10 ratings on CDNS

Which analyst is the currently most bullish on CDNS (Cadence Design Systems)?

Lee Simpson with highest potential upside - $55.72

Which analyst is the currently most reserved on CDNS (Cadence Design Systems)?

Sterling Auty with lowest potential downside - -$183.3

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