Cadence Design Systems Forecast, price target & analysts
Cadence Design Systems Target price 2024 - Analyst rating & recommendation
Cadence Design Systems Classifications & Recommendation:
Cadence Design Systems Price Target
| Target Price | $313.07 |
| Price | $282.09 |
| Potential | 10.98% |
| Number of Estimates | 15 |
| 15 Analysts have issued a price target Cadence Design Systems 2025 . The average Cadence Design Systems target price is $313.07. This is 10.98% higher than the current stock price. The highest price target is $355.00 25.85% , the lowest is $225.00 20.24% . | |
| A rating was issued by 18 analysts: 13 Analysts recommend Cadence Design Systems to buy, 4 to hold and 1 to sell. | |
| Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis. | |
| Analyst Estimates: Analysts believe that the Cadence Design Systems stock has an average upside potential 2025 of 10.98% . Most analysts recommend the Cadence Design Systems stock at Purchase. |
Sales and Margin forecast 2024, 2025 to 2028
15 Analysts have issued a sales forecast Cadence Design Systems 2024 . The average Cadence Design Systems sales estimate is $4.6b . This is 6.43% higher than the revenue of the last 12 months(TTM). The highest sales forecast is $4.7b 7.03% , the lowest is $4.6b 6.23% .
This results in the following potential growth metrics:
Revenue Estimates
| 2023 | $4.1b | 14.83% |
|---|---|---|
| 2024 | $4.6b | 13.29% |
| 2025 | $5.2b | 13.10% |
| 2026 | $5.9b | 11.68% |
| 2027 | $6.1b | 4.40% |
| 2028 | $6.7b | 9.50% |
8 Analysts have issued an Cadence Design Systems EBITDA forecast 2024. The average Cadence Design Systems EBITDA estimate is $2.1b . This is 45.47% higher than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is $2.2b 51.92% , the lowest is $2.0b 36.33% .
This results in the following potential growth metrics and future EBITDA Margins:
EBITDA Estimates
| 2023 | $1.4b | 17.32% |
|---|---|---|
| 2024 | $2.1b | 48.24% |
| 2025 | $2.4b | 16.10% |
| 2026 | $2.8b | 16.01% |
| 2027 | $2.8b | 2.32% |
| 2028 | $3.1b | 12.36% |
EBITDA Margin
| 2023 | 34.59% | 2.17% |
|---|---|---|
| 2024 | 45.26% | 30.85% |
| 2025 | 46.46% | 2.65% |
| 2026 | 48.26% | 3.87% |
| 2027 | 45.15% | 6.44% |
| 2028 | 46.34% | 2.64% |
8 Cadence Design Systems Analysts have issued a net profit forecast 2024. The average Cadence Design Systems net profit estimate is $1.1b . This is 0.89% higher than the net profit for the last 12 months(TTM). The highest net profit forecast is $1.1b 9.05% , the lowest is $1.0b 2.10% .
This results in the following potential growth metrics and future Net Margins:
Net Profit Estimates
| 2023 | $1.0b | 23.62% |
|---|---|---|
| 2024 | $1.1b | 0.36% |
| 2025 | $1.3b | 26.67% |
| 2026 | $1.6b | 17.23% |
| 2027 | $1.7b | 7.14% |
| 2028 | $1.9b | 16.56% |
Net Margin
| 2023 | 25.62% | 7.66% |
|---|---|---|
| 2024 | 22.69% | 11.42% |
| 2025 | 25.41% | 11.99% |
| 2026 | 26.68% | 5.00% |
| 2027 | 27.38% | 2.62% |
| 2028 | 29.15% | 6.46% |
Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2028
8 Analysts have issued a Cadence Design Systems forecast for earnings per share. The average Cadence Design Systems <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is $3.83 . This is 0.79% higher than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is $4.14 8.95% , the lowest is $3.72 2.11% .
This results in the following potential growth metrics and future valuations:
Earnings Per Share
| 2023 | $3.82 | 23.62% |
|---|---|---|
| 2024 | $3.83 | 0.26% |
| 2025 | $4.86 | 26.89% |
| 2026 | $5.69 | 17.08% |
| 2027 | $6.10 | 7.21% |
| 2028 | $7.11 | 16.56% |
P/E ratio
| Current | 74.18 | 12.75% |
|---|---|---|
| 2024 | 73.58 | 0.81% |
| 2025 | 58.09 | 21.05% |
| 2026 | 49.55 | 14.70% |
| 2027 | 46.24 | 6.68% |
| 2028 | 39.68 | 14.19% |
Based on analysts' sales estimates for 2024, the Cadence Design Systems stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of 16.68 and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of 16.70 .
This results in the following potential growth metrics and future valuations:
EV/Sales
| Current | 17.75 | 11.57% |
|---|---|---|
| 2024 | 16.68 | 6.01% |
| 2025 | 14.75 | 11.58% |
| 2026 | 13.21 | 10.46% |
| 2027 | 12.65 | 4.21% |
| 2028 | 11.55 | 8.67% |
P/S ratio
| Current | 17.77 | 10.93% |
|---|---|---|
| 2024 | 16.70 | 6.04% |
| 2025 | 14.76 | 11.58% |
| 2026 | 13.22 | 10.46% |
| 2027 | 12.66 | 4.21% |
| 2028 | 11.56 | 8.67% |
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