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Asset logo for symbol CDNS
Cadence Design Systems
CDNS84
$308.78arrow_drop_up1.93%$5.87
High Quality
High Growth
S&P500
Asset logo for symbol CDNS
CDNS84

$308.78

arrow_drop_up1.93%

Analyst Forecast

Period: Next 12 Months

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Analyst Ratings

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Cadence Design Systems (CDNS) Stocklytics Forecast

Cadence Design Systems Inc (CDNS) is a leading provider of electronic design automation (EDA) software and hardware. The company offers a comprehensive suite of tools and technologies that enable semiconductor and electronic product manufacturers to design, verify, and manufacture their products more efficiently. With its extensive portfolio of solutions, Cadence is well-positioned to benefit from the continued growth of the semiconductor industry.
Looking ahead, analysts have a positive outlook for Cadence Design Systems Inc. CDNS stock price forecast suggests that the company's shares have strong growth potential. Analysts project that Cadence's stock price will reach new heights in the coming years. In fact, the CDNS stock price forecast for 2023 is quite promising. According to market experts, Cadence Design Systems Inc's shares have the potential to surge and reach a new high by 2023.
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Frequently Asked Questions

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What is the analyst price prediction for Cadence Design Systems (CDNS) stock?

Analysts have set a target price of $311 for Cadence Design Systems (CDNS), based on forecasts from 26 analysts. The predicted price range extends from a high of $350 to a low of $250. This represents a potential increase of up to 13.35% and a decrease of -19.04% from the current price of $308.78. These forecasts are as of 2023 Jul 25.
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What are the analyst ratings for Cadence Design Systems (CDNS) stock?

The analyst ratings for Cadence Design Systems (CDNS) are distributed as follows: 16 analysts recommend buying, 3 have a neutral stance, and 1 suggest selling. The prevailing sentiment among the total of 20 analysts leans towards a buy rating. These ratings indicate the general sentiment among the analysts covering Cadence Design Systems .
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What is the AI price prediction for Cadence Design Systems (CDNS) stock?

At present, there is no AI or machine-learning-based price prediction available for Cadence Design Systems (CDNS) stock. The lack of a forecast could stem from various factors, such as inadequate data or the necessity for model recalibration.

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