Cadence Design Systems (CDNS) stock forecast for 2024. Forecast tables and graphs.







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Cadence Design Systems (CDNS) stock forecast for 2024

Updated: October 12, 2024 (13:46)

Sector: Technology

The share price of Cadence Design Systems, Inc. (CDNS) now

What analysts predict: $316.54
52-week High/Low: $328.99 / $228.66

50/200 Day Moving Average: $268.4 / $288.25

This figure corresponds to the Average Price over the previous 50/200 days. For Cadence Design Systems stocks, the 50-day moving average is the resistance level today.

For Cadence Design Systems stocks, the 200-day moving average is the resistance level today.

Are you interested in Cadence Design Systems, Inc. stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the Cadence Design Systems stock price in 2024. How much will one Cadence Design Systems share be worth in 2024? Is it worth taking profit / loss on CDNS stock now or waiting? What are analysts' forecasts for Cadence Design Systems stock?

We forecast Cadence Design Systems stock performance using neural networks based on historical data on CDNS stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. This corporation stock prediction results are shown below and presented as a graph, table and text information.

Cadence Design Systems, Inc. stock forecasts are adjusted once a day based on the closing price of the previous trading day.

The minimum target price for Cadence Design Systems analysts is $316.54. Today 200 Day Moving Average is the resistance level (288.25 $). 50 Day Moving Average is the resistance level (268.4 $).




Historical and forecast chart of Cadence Design Systems, Inc. stock

The chart below shows the historical price of Cadence Design Systems stock and a prediction chart for the next year. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the CDNS stock price can be found in the table below.


Cadence Design Systems, Inc. develops software and technologies, is engaged in design and consulting, issues licenses for software used to automate the design of electronic products, provides professional services in this area.

Official site of the company

Cadence Design Systems (CDNS) Forecast for 2024

Month Target Pes. Opt. Vol., %
Nov 296.28 290.42 302.33 3.94 %
Dec 297.53 286.28 311.63 8.13 %

Cadence Design Systems information and performance

Cadence Design Systems Address

2655 SEELY AVENUE BLDG 5, SAN JOSE, CA, US

Market Capitalization: 77 324 034 000 $

Market capitalization of the Cadence Design Systems, Inc. is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of CDNS shares in the company outstanding by the market price of one share.

EBITDA: 1 364 988 000 $

EBITDA of Cadence Design Systems is earnings before interest, income tax and depreciation of assets.

PE Ratio: 72.97

P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit

PEG Ratio: 2.825

Price/earnings to growth

DPS: None

Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.

DY: None

Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.

EPS: 3.87

EPS shows how much of the net profit is accounted for by the common share.

Quarterly Earnings Growth YOY: 0.037
Quarterly Revenue Growth YOY: 0.086
Trailing PE: 72.97

Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.

Forward PE: 40.65

Forward P/E uses projections of future earnings instead of final numbers.

EV To Revenue: 18.54

Enterprise Value (EV) /Revenue

EV To EBITDA: 51.72

The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).

Shares Outstanding: 273820000

Number of issued ordinary shares

Shares Float: N/A

Number of freely tradable shares

Shares Short Prior Month: N/A

Shares Short Prior Month - the number of shares in short positions in the last month.

Short Ratio: N/A
Percent Insiders: N/A
Percent Institutions: N/A

Cadence Design Systems price target for 2024 by month


Target values for the price of one Cadence Design Systems share for Nov 2024.

The weighted average target price per Cadence Design Systems share in Nov 2024 is: 296.28.
In Nov, the Positive dynamics for Cadence Design Systems, Inc. shares will prevail with possible monthly volatility of 3.940% volatility is expected.
Pessimistic target level: 290.42
Optimistic target level: 302.33

Target values for the price of one Cadence Design Systems share for Dec 2024.

The weighted average target price per Cadence Design Systems share in Dec 2024 is: 297.53.
In Dec, the Positive dynamics for Cadence Design Systems, Inc. shares will prevail with possible monthly volatility of 8.135% volatility is expected.
Pessimistic target level: 286.28
Optimistic target level: 311.63



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Disclaimer:

All forecast data on the site are provided for informational purposes of using neural forecasting tools in the financial market and are not a call to action and, moreover, are not trading signals. When using the forecast data, the investor assumes all financial risks. The pandaforecast.com portal is not responsible for the loss of your money in the stock market as a result of using the information contained on the site.