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Cadence Design Systems Inc. (CDNS) stock prediction

Will Cadence Design Systems Inc. stock go up? Is Cadence Design Systems Inc. stock a good buy now?

From AI system, total return is 1657.46% from 1318 forecasts. Forecast for Mar. 2021 is $139.85 , for Feb. 2022 is $52.15 , for Feb. 2024 is $41.61 , for Feb. 2026 is $519.26 , and for Feb. 2031 is $287.01.

Since closing price on 2021-02-26 is $141.09 and forecast for Feb. 2022 is $52.15, Cadence Design Systems Inc. stock is not a good 1 year investment. Please, see more forecasts below.

Table of contents

  • Interactive chart
  • Long term forecast
  • Analyst ratings by institutions
  • Financial Info
  • Frequently Asked Questions (FAQ)
  • 14 Days Historical Data

Statistics

Statistics from all past short term forecast signals in AI Pickup
Total return : 1657.46 %
Number of direction forecasts : 1318

Click to see the forecast history of all tickers

Chart for Cadence Design Systems Inc. (CDNS) stock

<CDNS Chart by Tradingview>

Long term forecast for Cadence Design Systems Inc. stock

CDNS long term forecast chart
Date
Price
Mar. 2021
$139.848016865736
Apr. 2021
$138.079384532836
May. 2021
$132.639465861686
Jun. 2021
$126.242864527856
Jul. 2021
$119.315476376114
Aug. 2021
$112.726768633622
Sep. 2021
$105.701202679786
Oct. 2021
$96.777297002273
Nov. 2021
$83.8152236800405
Dec. 2021
$69.9117629394162
Jan. 2022
$59.3225445366236
Feb. 2022
$52.1511809669401
Mar. 2022
$47.421756611569
Apr. 2022
$44.4930706550732
May. 2022
$42.6449355949445
Jun. 2022
$41.052603035271
Jul. 2022
$39.017238378413
Aug. 2022
$37.2643568928227
Sep. 2022
$35.70760785892
Oct. 2022
$34.0257446565377
Nov. 2022
$33.7953768921018
Dec. 2022
$34.2099012573779
Jan. 2023
$33.9473623408211
Feb. 2023
$32.808568641886
Mar. 2023
$31.3830611721991
Apr. 2023
$28.1364898300714
May. 2023
$28.4960442961166
Jun. 2023
$32.9715908413473
Jul. 2023
$38.8938164497271
Aug. 2023
$43.5681825746694
Sep. 2023
$45.0155682874026
Oct. 2023
$44.2459060159823
Nov. 2023
$43.2051971389326
Dec. 2023
$42.7391570891692
Jan. 2024
$42.170039180327
Feb. 2024
$41.6092430001403
Mar. 2024
$41.3540355730191
Apr. 2024
$41.3890984096226
May. 2024
$41.576109502862
Jun. 2024
$42.1793697442441
Date
Price
Jul. 2024
$43.1550482635094
Aug. 2024
$44.3900625311507
Sep. 2024
$45.4142860172436
Oct. 2024
$46.3187509948632
Nov. 2024
$47.7718642884365
Dec. 2024
$50.2907306782033
Jan. 2025
$54.7785180678754
Feb. 2025
$61.8422802913393
Mar. 2025
$72.9764185037271
Apr. 2025
$89.6644319307308
May. 2025
$113.093556959884
Jun. 2025
$141.572734646189
Jul. 2025
$174.132144223513
Aug. 2025
$213.476403293038
Sep. 2025
$274.593912157592
Oct. 2025
$375.78434738919
Nov. 2025
$457.906513049751
Dec. 2025
$485.758325375636
Jan. 2026
$505.363537054383
Feb. 2026
$519.255040540201
Mar. 2026
$524.902769977219
Apr. 2026
$525.237647495943
May. 2026
$524.156176095513
Jun. 2026
$522.38256002344
Jul. 2026
$519.70770538698
Aug. 2026
$515.199467000461
Sep. 2026
$512.582185709069
Oct. 2026
$512.977128442447
Nov. 2026
$515.322684372689
Dec. 2026
$519.024895928266
Jan. 2027
$527.190008720725
Feb. 2027
$541.11230725158
Mar. 2027
$521.243664046275
Apr. 2027
$460.947784091639
May. 2027
$414.21660078619
Jun. 2027
$368.618325532481
Jul. 2027
$326.043617888973
Aug. 2027
$286.49958154359
Sep. 2027
$250.483214306497
Oct. 2027
$218.723406627711
Date
Price
Nov. 2027
$191.11393791711
Dec. 2027
$166.04816596094
Jan. 2028
$144.141777805442
Feb. 2028
$124.171181801581
Mar. 2028
$105.473652215666
Apr. 2028
$88.8546858914511
May. 2028
$74.7777194328636
Jun. 2028
$63.7091136713857
Jul. 2028
$55.6833549663287
Aug. 2028
$49.7040209139238
Sep. 2028
$45.1179023048139
Oct. 2028
$41.7308843578346
Nov. 2028
$39.0186516775814
Dec. 2028
$36.6855086051671
Jan. 2029
$34.213415909257
Feb. 2029
$32.2934024989922
Mar. 2029
$30.3796559547764
Apr. 2029
$27.5718768123282
May. 2029
$24.6627120505948
Jun. 2029
$23.8941748396966
Jul. 2029
$32.3205062297531
Aug. 2029
$40.7214726189465
Sep. 2029
$42.4024246152861
Oct. 2029
$42.7097753433015
Nov. 2029
$43.5348677659846
Dec. 2029
$45.0758752505981
Jan. 2030
$47.6880379815156
Feb. 2030
$51.2023969729667
Mar. 2030
$55.2645349154225
Apr. 2030
$61.2383831355293
May. 2030
$71.2954432623354
Jun. 2030
$87.8793513989571
Jul. 2030
$108.465736727288
Aug. 2030
$131.148165596506
Sep. 2030
$157.443312570675
Oct. 2030
$186.429092922677
Nov. 2030
$213.755250938155
Dec. 2030
$238.977062280133
Jan. 2031
$264.374736388357
Feb. 2031
$287.014134017108

Analyst rating for Cadence Design Systems Inc. stock

Date
Firm
Analysis
2021-02-23
Credit Suisse
Price target is $155.0000. Prior price target was $135.0000.
Analyst rating is Neutral.
2021-02-23
Needham
Price target is $145.0000. Prior price target was $126.0000.
Analyst rating is Buy.
2021-01-05
KeyBanc
Price target is $155.0000. Analyst rating is Overweight. Prior analyst rating was Sector Weight
2020-10-20
Needham
Price target is $126.0000. Prior price target was $115.0000.
Analyst rating is Buy.
2020-10-14
UBS
Price target is $125.0000. Prior price target was $91.0000.
Analyst rating is Neutral.
2020-07-21
B of A Securities
Price target is $128.0000. Prior price target was $115.0000.
Analyst rating is Buy.
2020-07-21
Baird
Price target is $117.0000. Prior price target was $110.0000.
Analyst rating is Outperform.
2020-07-21
RBC Capital
Price target is $120.0000. Prior price target was $101.0000.
Analyst rating is Outperform.
2020-07-21
Needham
Price target is $115.0000. Prior price target was $86.0000.
Analyst rating is Buy.
2020-05-27
UBS
Price target is $91.0000. Analyst rating is Neutral.
2020-04-24
CFRA
Price target is $89.0000. Prior price target was $3.0000.
Analyst rating is Buy.
2020-04-22
Bank of America
Analyst rating is Buy. Prior analyst rating was Neutral
2020-04-21
Baird
Price target is $91.0000. Prior price target was $72.0000.
Analyst rating is Outperform.
2020-04-21
Wells Fargo
Price target is $87.0000. Prior price target was $85.0000.
Analyst rating is Overweight.
2020-02-19
Baird
Price target is $93.0000. Analyst rating is Outperform.
2020-02-13
B of A Securities
Price target is $83.0000. Prior price target was $80.0000.
Analyst rating is Neutral.
2020-02-13
Credit Suisse
Price target is $80.0000. Prior price target was $75.0000.
Analyst rating is Neutral.
2020-02-13
Needham
Price target is $86.0000. Prior price target was $76.0000.
Analyst rating is Buy.
2020-02-06
Wells Fargo
Price target is $85.0000. Prior price target was $80.0000.
Analyst rating is Overweight.
2019-10-22
Credit Suisse
Price target is $75.0000. Prior price target was $70.0000.
Analyst rating is Neutral.

Financial Data for Cadence Design Systems Inc. stock

Market Cap
39360442368
Held Percent By Insiders
1.316%
Held Percent By Institutions
88.717%
Sector
Technology
Website
http://www.cadence.com
currency
USD

Forward PE
42.36937
Trailing PE
36.580242
Enterprise Value
3.8772736E10
Enterprise To Ebitda
53.951
Enterprise To Revenue
15.371

Average 10 day Volume
2446957
Average Volume
1562355
Fifty Two Week High
$149.08
Fifty Two Week Low
$51.39

Frequently Asked Questions for Cadence Design Systems Inc. stock

Is Cadence Design Systems Inc. a good long term stock?

For 1 year investment, Cadence Design Systems Inc. (CDNS) stock cannot be a good investment choice. According to AI Pickup, the Cadence Design Systems Inc. stock price forecast for Feb. 2022 is $52.1511809669401
For 5 year investment, Cadence Design Systems Inc. (CDNS) stock can be a good investment choice. According to AI Pickup, the Cadence Design Systems Inc. stock price forecast for Feb. 2026 is $519.255040540201
For 10 year investment, Cadence Design Systems Inc. (CDNS) stock can be a good investment choice. According to AI Pickup, the Cadence Design Systems Inc. stock price forecast for Feb. 2031 is $287.014134017108

Is Cadence Design Systems Inc. stock overvalued?

Cadence Design Systems Inc. (CDNS) stock is expected to go DOWN . Therefore, AI Pickup would say that Cadence Design Systems Inc. (CDNS) stock is overvalued.

Will Cadence Design Systems Inc. stock price go up?

No. The Cadence Design Systems Inc. stock price forecast for Feb. 2022 is $52.1511809669401

14 Days Historical Data for Cadence Design Systems Inc. stock

Date
Close
Open
Low
High
2021-02-08
$137.58
$137.17
$136.66
$138.43
2021-02-09
$139.49
$137.56
$137.02
$139.87
2021-02-10
$137.86
$140.2
$137.52
$140.97
2021-02-11
$143.97
$139.53
$138.81
$144.06
2021-02-12
$145.68
$143.52
$142.63
$145.92
2021-02-16
$145.99
$148.37
$145.66
$149.08
2021-02-17
$141.78
$145.12
$140.08
$145.33
2021-02-18
$139.53
$140.2
$137.67
$140.91
2021-02-19
$139.66
$141.22
$139.6
$142.33
2021-02-22
$133.16
$138.92
$132.92
$138.93
2021-02-23
$132.6
$135.54
$128.49
$135.89
2021-02-24
$139.42
$131.6
$129.81
$140.2
2021-02-25
$138.02
$138.43
$137.28
$142.64
2021-02-26
$141.09
$139.06
$137.74
$143.32
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