Cadence Design Systems, Inc. (CDNS) Stock Forecast & Predictions

Cadence Design Systems, Inc. CDNS: $163.1

2655 Seely Ave, San Jose, California, United States. | Sector: Information | Exchange: NASDAQ | Web: www.cadence.com

  • Market Cap$45.14B
  • Change (52 Weeks)59.71%
  • Low (52 Weeks)$100.88
  • Cadence Design Systems, Inc. (CDNS) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 31.25% are on Buy, 18.75% on Sell, and 50.00% Neutral.

    According to the market data, Cadence Design Systems, Inc. (CDNS) stock price is $163.1 and the 52 weeks low is $100.88, which means the Cadence Design Systems, Inc. stock price is up 59.71% in the last 12 months.

    Cadence Design Systems, Inc. (CDNS) Stock Price has been Trending Strongly with an ADX reading of 30.53 as per the Weekly Chart.

    A Upward trend indicates that Cadence Design Systems, Inc. (CDNS) Stock Price may keep going up, with temporary Retracement (the process of stock price bouncing because of short term profit taking by the traders and investors).

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 31.25% are indicating that CDNS Stock price might rise further, 18.75% indicating that CDNS Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall CDNS stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Cadence Design Systems, Inc. (CDNS) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for Cadence Design Systems, Inc. (CDNS) is based on 24 Institutional Analyst Ratings where 45.83% are on Strong Buy, 20.83% on Moderate Buy, 29.17% remains on Hold, 0.00% are on Moderate Sell and 4.17% are on Strong Sell.

    Out of 24 Institutional Analysts, majority recommended CDNS stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Cadence Design Systems, Inc..

    Cadence Design Systems, Inc. (CDNS) Stock Price Prediction By Analysts


    HighLowAverage
    $183.75$123.93$162.70
    $162.700.24% Downside
    Updated: 2021-09-19 00:00:00

    The Average Price target for CDNS set by the institutional analysts is $162.70 where High Estimate is $183.75, Median $168.3 and Low $123.93.

    The average price target for CDNS by Institutional Analysts is $162.70, which is 0.24% Downside from the current price. So according to the Institutional Analysts, CDNS Stock might be a bit overvalued at this stage and there’s potential for downside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Cadence Design Systems, Inc. (CDNS) Stock Forecast Based on Investor Sentiment


    Very Positive

    Based on 478,822 investor portfolio.

    Our algorithm has analysed 478,822 investor portfolio with CDNS stock holdings and found that 99.50% of them are bullish. Which means the Investor Sentiment is mostly Very Positive.

    This shows most investors are very optimistic about CDNS and holding their positions hoping for a further rise in the stock price and more profit.

    Cadence Design Systems, Inc. (CDNS) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    KeybancOverweightMaintained
    RosenblattBuyInitiated
    Wells FargoOverweightMaintained
    RBC CapitalOutperformMaintained
    NeedhamBuyMaintained
    Credit SuisseNeutralMaintained
    Credit SuisseNeutralMaintained
    KeyBancOverweightMaintained
    Wells FargoOverweightMaintained
    KeyBancOverweightUpgraded
    JP MorganOverweightUpgraded
    NeedhamBuyMaintained
    UBSNeutralMaintained
    RBC CapitalOutperformMaintained
    NeedhamBuyMaintained
    BairdOutperformMaintained
    B of A SecuritiesBuyMaintained
    UBSNeutralInitiated
    CFRABuyMaintained
    Bank of AmericaBuyUpgraded
    Wells FargoOverweightMaintained
    BairdOutperformMaintained
    BairdOutperformInitiated
    NeedhamBuyMaintained
    Credit SuisseNeutralMaintained
    B of A SecuritiesNeutralMaintained
    Wells FargoOverweightMaintained
    Credit SuisseNeutralReiterated
    Bank of AmericaNeutralInitiated
    Credit SuisseNeutralMaintained
    Wells FargoMarket PerformInitiated
    BerenbergHoldInitiated
    JP MorganNeutralUpgraded
    BenchmarkBuyUpgraded
    Credit SuisseNeutralMaintained
    NeedhamBuyUpgraded
    JP MorganUnderweightMaintained
    DA DavidsonBuyUpgraded
    Bank of AmericaBuyMaintained
    DA DavidsonNeutralDowngraded
    JP MorganUnderweightDowngraded
    Credit SuisseNeutralInitiated
    DA DavidsonBuyUpgraded
    NeedhamHoldDowngraded
    RBC CapitalOutperformInitiated
    DA DavidsonNeutralDowngraded
    BenchmarkHoldInitiated
    JP MorganNeutralMaintained
    JP MorganNeutralMaintained
    DA DavidsonNeutralDowngraded
    DA DavidsonNeutralDowngraded
    Pacific CrestSector PerformDowngraded
    DA DavidsonBuyMaintained
    JP MorganNeutralDowngraded
    Summit Research PartnersBuyUpgraded
    DA DavidsonBuyMaintained
    DA DavidsonBuyMaintained
    NeedhamBuyUpgraded
    Pacific CrestOutperformUpgraded
    DA DavidsonBuyUpgraded
    Pacific CrestSector PerformInitiated
    TopekaBuyInitiated
    RBC CapitalOutperformUpgraded
    DA DavidsonNeutralDowngraded
    DA DavidsonBuyMaintained
    JP MorganOverweightMaintained
    DA DavidsonBuyMaintained
    PiperJaffrayOverweightInitiated

    Cadence Design Systems, Inc. (CDNS) Stock Earning Per Share (EPS) Forecast / Estimate


    $0.767
    The average consensus EPS for CDNS is $0.767 with a high estimate of $0.861 and Low of $0.706 for the period 2021-12-31 and based on 17 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $0.86$0.77709722021-06-30


    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $$0.77041620000000012021-09-30
    $0.86$0.77709722021-06-30
    $0.83$0.76421460000000012021-03-31
    $0.83$0.7590842020-12-31
    $0.7$0.6183242020-09-30
    $0.66$0.53265420000000012020-06-30
    $0.6$0.55307462020-03-31
    $0.54$0.53927399999999992019-12-31
    $0.54$0.52009800000000012019-09-30
    $0.57$0.54230342019-06-30
    $0.54$0.50140142019-03-31
    $0.52$0.482337600000000032018-12-31
    $0.49$0.418965000000000032018-09-30
    $0.45$0.406857600000000042018-06-30
    $0.4$0.3802052018-03-31
    $0.39$0.397800000000000042017-12-31
    $0.35$0.347932199999999972017-09-30
    $0.34$0.32855222017-06-30
    $0.32$0.32187122017-03-31
    $0.34$0.34112882016-12-31
    $0.3$0.28344782016-09-30
    $0.29$0.288149999999999962016-06-30
    $0.28$0.27879662016-03-31
    $0.31$0.294782015-12-31
    $0.28$0.26349662015-09-30
    $0.27$0.246656399999999972015-06-30
    $0.23$0.21512822015-03-31
    $0.27$0.27725642014-12-31
    $0.26$0.24201542014-09-30
    $0.21$0.207060000000000022014-06-30
    $0.2$0.195840000000000012014-03-31
    $0.23$0.23462013-12-31
    $0.21$0.20967122013-09-30
    $0.21$0.20739662013-06-30
    $0.21$0.19817582013-03-31
    $0.2$0.19671722012-12-31
    $0.21$0.18651722012-09-30
    $0.19$0.17852012-06-30
    $0.17$0.1568252012-03-31
    $0.17$0.15591722011-12-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).