$310.88
0.49% today
Nasdaq, Nov 26, 05:15 pm CET
ISIN
US1273871087
Symbol
CDNS

Cadence Design Systems Target price 2024 - Analyst rating & recommendation

Cadence Design Systems Classifications & Recommendation:

Buy
71%
Hold
24%
Sell
5%

Cadence Design Systems Price Target

Target Price $318.00
Price $312.39
Potential 1.80%
Number of Estimates 17
17 Analysts have issued a price target Cadence Design Systems 2025 . The average Cadence Design Systems target price is $318.00. This is 1.80% higher than the current stock price. The highest price target is $360.00 15.24% , the lowest is $225.00 27.97% .
A rating was issued by 21 analysts: 15 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 1.80% . 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% 25.95%
EBITDA Margin 35.21% 47.94%
29.31% 36.15%
Net Margin 30.54% 22.95%
13.87% 24.86%

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 11.59%
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 45.92% 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 48.69%
2025 $2.4b 16.28%
2026 $2.8b 15.21%
2027 $3.0b 5.29%
2028 $3.1b 4.49%

EBITDA Margin

2023 34.59% 2.17%
2024 45.39% 31.22%
2025 46.62% 2.71%
2026 48.13% 3.24%
2027 47.31% 1.70%
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


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

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 82.15 6.54%
2024 81.75 0.49%
2025 65.29 20.13%
2026 56.67 13.20%
2027 51.21 9.63%
2028 43.94 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 18.47 and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of 18.49 .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 19.66 5.30%
2024 18.47 6.03%
2025 16.32 11.68%
2026 14.62 10.39%
2027 13.65 6.65%
2028 12.80 6.25%

P/S ratio

Current 19.68 4.81%
2024 18.49 6.05%
2025 16.33 11.68%
2026 14.63 10.39%
2027 13.66 6.65%
2028 12.81 6.25%

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