$282.09
2.16% day before yesterday
Nasdaq, Nov 01, 09:00 pm CET
ISIN
US1273871087
Symbol
CDNS

Cadence Design Systems Target price 2024 - Analyst rating & recommendation

Cadence Design Systems Classifications & Recommendation:

Buy
72%
Hold
22%
Sell
6%

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


Dec '23 Dec '24
Estimates
Revenue Billion $ 1.07 1.35
18.75% 25.89%
EBITDA Margin 35.21% 47.51%
29.31% 34.93%
Net Margin 30.54% 23.01%
13.87% 24.66%

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


Dec '23 Dec '24
Estimates
Earnings Per Share $ 1.19 1.13
35.23% 5.04%

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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