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 | $322.71 |
| Price | $305.03 |
| Potential | 5.79% |
| Number of Estimates | 17 |
| 17 Analysts have issued a price target Cadence Design Systems 2025 . The average Cadence Design Systems target price is $322.71. This is 5.79% higher than the current stock price. The highest price target is $365.00 19.66% , the lowest is $225.00 26.24% . | |
| A rating was issued by 22 analysts: 16 Analysts recommend Cadence Design Systems to buy, 5 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 5.79% . Most analysts recommend the Cadence Design Systems stock at Purchase. |
Sales and Margin forecast 2024, 2025 to 2028
17 Analysts have issued a sales forecast Cadence Design Systems 2024 . The average Cadence Design Systems sales estimate is $4.6b . This is 6.44% 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 | 13.30% |
| 2025 | $5.2b | 13.22% |
| 2026 | $5.9b | 11.60% |
| 2027 | $6.3b | 7.12% |
| 2028 | $6.7b | 6.67% |
10 Analysts have issued an Cadence Design Systems EBITDA forecast 2024. The average Cadence Design Systems EBITDA estimate is $2.1b . This is 44.60% higher than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is $2.2b 51.92% , the lowest is $1.9b 30.14% .
This results in the following potential growth metrics and future EBITDA Margins:
EBITDA Estimates
| 2023 | $1.4b | 17.32% |
|---|---|---|
| 2024 | $2.1b | 47.34% |
| 2025 | $2.4b | 16.44% |
| 2026 | $2.8b | 14.84% |
| 2027 | $3.0b | 6.45% |
| 2028 | $3.1b | 4.49% |
EBITDA Margin
| 2023 | 34.59% | 2.17% |
|---|---|---|
| 2024 | 44.98% | 30.04% |
| 2025 | 46.26% | 2.85% |
| 2026 | 47.60% | 2.90% |
| 2027 | 47.31% | 0.61% |
| 2028 | 46.34% | 2.05% |
9 Cadence Design Systems Analysts have issued a net profit forecast 2024. The average Cadence Design Systems net profit estimate is $1.0b . This is 0.56% 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 | $1.0b | 0.03% |
| 2025 | $1.3b | 25.21% |
| 2026 | $1.5b | 15.21% |
| 2027 | $1.7b | 10.66% |
| 2028 | $1.9b | 16.56% |
Net Margin
| 2023 | 25.62% | 7.66% |
|---|---|---|
| 2024 | 22.61% | 11.73% |
| 2025 | 25.01% | 10.61% |
| 2026 | 25.82% | 3.24% |
| 2027 | 26.67% | 3.29% |
| 2028 | 29.15% | 9.30% |
Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2028
9 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 $3.82 . This is 0.53% 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 | $3.82 | 0.00% |
| 2025 | $4.78 | 25.13% |
| 2026 | $5.51 | 15.27% |
| 2027 | $6.10 | 10.71% |
| 2028 | $7.11 | 16.56% |
P/E ratio
| Current | 80.22 | 2.06% |
|---|---|---|
| 2024 | 79.83 | 0.49% |
| 2025 | 63.75 | 20.14% |
| 2026 | 55.33 | 13.21% |
| 2027 | 50.00 | 9.63% |
| 2028 | 42.90 | 14.20% |
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 18.04 and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of 18.05 .
This results in the following potential growth metrics and future valuations:
EV/Sales
| Current | 19.20 | 0.73% |
|---|---|---|
| 2024 | 18.04 | 6.05% |
| 2025 | 15.93 | 11.68% |
| 2026 | 14.28 | 10.39% |
| 2027 | 13.33 | 6.65% |
| 2028 | 12.49 | 6.25% |
P/S ratio
| Current | 19.21 | 0.41% |
|---|---|---|
| 2024 | 18.05 | 6.05% |
| 2025 | 15.94 | 11.68% |
| 2026 | 14.29 | 10.39% |
| 2027 | 13.34 | 6.65% |
| 2028 | 12.50 | 6.25% |
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