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Cadence Design Systems (CDNS) stock forecast for 2024
The forecast has been updated: March 16, 2023 9:45
Cadence Design Systems stock price online today
Analyst Target Price
148.42Dividend Date
-Ex Dividend Date
-Last Split Factor
2:1Last Split Date
17.11.1997Should you buy or sell Cadence Design Systems stock stock today? What is the projected target price level for 2024? How much will it cost in 2024? Cadence Design Systems stock Stock Monthly Prediction for January, February, March, April, May, July, July, August, September, October, November and December 2024.
We predict the dynamics of the stock market value using resonant artificial intelligence systems.
Technical, fundamental analyzes, news background, general geopolitical situation in the world and other factors are taken into account.
Forecasts are adjusted once a day taking into account the price change of the previous day.
To date, analysts have a $148.42 target price for Cadence Design Systems stock stock.
Today 200 Day Moving Average is the support level (120.6094 $).
50 Day Moving Average is the support level (137.5412 $).
CDNS Forecast for 2024
| Month | Rate Forecast | MIN Rate | MAX Rate | Volati- lity, % |
|---|---|---|---|---|
| Jan | 210.19 | 207.54 | 217.25 | 4.47 % |
| Feb | 202.87 | 197.15 | 212.61 | 7.27 % |
| Mar | 207.99 | 199.13 | 214.97 | 7.37 % |
| Apr | 216.72 | 206.45 | 221.40 | 6.75 % |
| May | 213.99 | 209.24 | 224.01 | 6.59 % |
| Jun | 224.39 | 214.70 | 235.16 | 8.70 % |
| Jul | 232.47 | 225.08 | 243.35 | 7.51 % |
| Aug | 233.31 | 226.31 | 241.15 | 6.15 % |
| Sep | 244.64 | 239.51 | 253.75 | 5.61 % |
| Oct | 250.81 | 239.37 | 254.42 | 5.91 % |
| Nov | 236.51 | 233.53 | 243.89 | 4.25 % |
| Dec | 236.37 | 229.99 | 245.73 | 6.41 % |
The forecasts table above shows the forecast values of the company's stock price for each month. The Rate Forecast column displays the Optimal Average Forecast Price. The MIN Rate column displays a pessimistic forecast for this month. “MAX Rate” is an optimistic forecast. The % Volatility column represents the approximate monthly volatility of Cadence Design Systems stock.
Cadence Design Systems overview
Cadence Design Systems Address
Building 5, San Jose, CA, United States, 95134Market Capitalization
38 001 840 128 $EBITDA
718 659 968PE Ratio
35.3176PEG Ratio
4.8955Dividend Per Share
NoneDividend Yield
0EPS
3.857Quarterly Earnings Growth YOY
-0.738Quarterly Revenue Growth YOY
0.267Trailing PE
35.3176Forward PE
46.9484EV To Revenue
14.4966EV To EBITDA
48.396152 Week High
149.0852 Week Low
51.3950 Day Moving Average
137.5412200 Day Moving Average
120.6094Shares Outstanding
278974016Shares Float
274886500Shares Short Prior Month
2864030Short Ratio
1.87Percent Insiders
1.316Percent Institutions
88.717Cadence Design Systems stock forecast for this year
Cadence Design Systems stock forecast for Jan 2024.
Estimated Average Forecasted Cadence Design Systems Price: 210.19. Positive monthly dynamics of the instrument is expected with 4.470% volatility is expected.
Pessimistic forecast: 207.54
Optimistic: 217.25
Cadence Design Systems stock forecast for Feb 2024.
Estimated Average Forecasted Cadence Design Systems Price: 202.87. Negative monthly dynamics of the instrument is expected with 7.271% volatility is expected.
Pessimistic forecast: 197.15
Optimistic: 212.61
Cadence Design Systems stock forecast for Mar 2024.
Estimated Average Forecasted Cadence Design Systems Price: 207.99. Positive monthly dynamics of the instrument is expected with 7.372% volatility is expected.
Pessimistic forecast: 199.13
Optimistic: 214.97
Cadence Design Systems stock forecast for Apr 2024.
Estimated Average Forecasted Cadence Design Systems Price: 216.72. Positive monthly dynamics of the instrument is expected with 6.754% volatility is expected.
Pessimistic forecast: 206.45
Optimistic: 221.40
Cadence Design Systems stock forecast for May 2024.
Estimated Average Forecasted Cadence Design Systems Price: 213.99. Negative monthly dynamics of the instrument is expected with 6.591% volatility is expected.
Pessimistic forecast: 209.24
Optimistic: 224.01
Cadence Design Systems stock forecast for Jun 2024.
Estimated Average Forecasted Cadence Design Systems Price: 224.39. Positive monthly dynamics of the instrument is expected with 8.702% volatility is expected.
Pessimistic forecast: 214.70
Optimistic: 235.16
Cadence Design Systems stock forecast for Jul 2024.
Estimated Average Forecasted Cadence Design Systems Price: 232.47. Positive monthly dynamics of the instrument is expected with 7.509% volatility is expected.
Pessimistic forecast: 225.08
Optimistic: 243.35
Cadence Design Systems stock forecast for Aug 2024.
Estimated Average Forecasted Cadence Design Systems Price: 233.31. Positive monthly dynamics of the instrument is expected with 6.154% volatility is expected.
Pessimistic forecast: 226.31
Optimistic: 241.15
Cadence Design Systems stock forecast for Sep 2024.
Estimated Average Forecasted Cadence Design Systems Price: 244.64. Positive monthly dynamics of the instrument is expected with 5.611% volatility is expected.
Pessimistic forecast: 239.51
Optimistic: 253.75
Cadence Design Systems stock forecast for Oct 2024.
Estimated Average Forecasted Cadence Design Systems Price: 250.81. Positive monthly dynamics of the instrument is expected with 5.915% volatility is expected.
Pessimistic forecast: 239.37
Optimistic: 254.42
Cadence Design Systems stock forecast for Nov 2024.
Estimated Average Forecasted Cadence Design Systems Price: 236.51. Negative monthly dynamics of the instrument is expected with 4.247% volatility is expected.
Pessimistic forecast: 233.53
Optimistic: 243.89
Cadence Design Systems stock forecast for Dec 2024.
Estimated Average Forecasted Cadence Design Systems Price: 236.37. Negative monthly dynamics of the instrument is expected with 6.406% volatility is expected.
Pessimistic forecast: 229.99
Optimistic: 245.73
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