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 | $328.25 |
| Price | $247.52 |
| Potential | 32.62% |
| Number of Estimates | 12 |
| 12 Analysts have issued a price target Cadence Design Systems 2025 . The average Cadence Design Systems target price is $328.25. This is 32.62% higher than the current stock price. The highest price target is $355.00 43.42% , the lowest is $280.00 13.12% . | |
| A rating was issued by 17 analysts: 12 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 32.62% . Most analysts recommend the Cadence Design Systems stock at Purchase. |
Sales and Margin forecast 2024, 2025 & 2026
12 Analysts have issued a sales forecast Cadence Design Systems 2024 . The average Cadence Design Systems sales estimate is $4.6b . This is 11.15% higher than the revenue of the last 12 months(TTM). The highest sales forecast is $4.7b 11.91% , the lowest is $4.6b 10.54% .
This results in the following potential growth metrics:
Revenue Estimates
| 2023 | $4.1b | 14.83% |
|---|---|---|
| 2024 | $4.6b | 13.09% |
| 2025 | $5.3b | 13.68% |
| 2026 | $5.9b | 12.40% |
5 Analysts have issued an Cadence Design Systems EBITDA forecast 2024. The average Cadence Design Systems EBITDA estimate is $2.1b . This is 54.30% higher than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is $2.1b 58.91% , the lowest is $2.0b 45.58% .
This results in the following potential growth metrics and future EBITDA Margins:
EBITDA Estimates
| 2023 | $1.4b | 17.32% |
|---|---|---|
| 2024 | $2.1b | 47.44% |
| 2025 | $2.5b | 18.37% |
| 2026 | $2.9b | 17.63% |
EBITDA Margin
| 2023 | 34.59% | 2.17% |
|---|---|---|
| 2024 | 45.10% | 30.39% |
| 2025 | 46.96% | 4.12% |
| 2026 | 49.14% | 4.64% |
6 Cadence Design Systems Analysts have issued a net profit forecast 2024. The average Cadence Design Systems net profit estimate is $1.1b . This is 3.53% higher than the net profit for the last 12 months(TTM). The highest net profit forecast is $1.1b 6.21% , the lowest is $1.1b 1.29% .
This results in the following potential growth metrics and future Net Margins:
Net Profit Estimates
| 2023 | $1.0b | 23.62% |
|---|---|---|
| 2024 | $1.1b | 4.89% |
| 2025 | $1.3b | 19.09% |
Net Margin
| 2023 | 25.57% | 7.66% |
|---|---|---|
| 2024 | 23.72% | 7.25% |
| 2025 | 24.85% | 4.76% |
Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 & 2026
6 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 $4.01 . This is 3.62% 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 $4.11 6.20% , the lowest is $3.92 1.29% .
This results in the following potential growth metrics and future valuations:
Earnings Per Share
| 2023 | $3.82 | 23.62% |
|---|---|---|
| 2024 | $4.01 | 4.97% |
| 2025 | $4.77 | 18.95% |
P/E ratio
| Current | 64.01 | 12.73% |
|---|---|---|
| 2024 | 61.78 | 3.48% |
| 2025 | 51.87 | 16.04% |
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 14.72 and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of 14.65 .
This results in the following potential growth metrics and future valuations:
EV/Sales
| Current | 16.36 | 5.76% |
|---|---|---|
| 2024 | 14.72 | 10.05% |
| 2025 | 12.95 | 12.03% |
| 2026 | 11.52 | 11.04% |
P/S ratio
| Current | 16.29 | 6.49% |
|---|---|---|
| 2024 | 14.65 | 10.03% |
| 2025 | 12.89 | 12.03% |
| 2026 | 11.47 | 11.03% |
Cadence Design Systems...
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