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Price
Target price
€283.75

€283.75

-1.600%
-4.6
-1.600%
€298.88
 
15.04.24 / Tradegate WKN: 873567 / Symbol: CDNS / Name: Cadence Design / Stock / Software & IT Services / Large Cap /
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Cadence Design Systems Stock

A loss of -1.600% shows a downward development for Cadence Design Systems.
The stock is an absolute favorite of our community with 25 Buy predictions and no Sell predictions.
As a result the target price of 298 € shows a slightly positive potential of 5.02% compared to the current price of 283.75 € for Cadence Design Systems.
Criterium "Expected Cash Flow" is seen as the biggest plus for Cadence Design Systems stock. Negative votes have not been in the majority for any criteria for this stock

Pros and Cons of Cadence Design Systems in the next few years

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Performance of Cadence Design Systems vs. its peers

Security Change(%) 1w 1m 1y YTD 3y 5y
Cadence Design Systems -1.600% -0.994% 3.332% 45.364% 14.508% 130.242% 391.512%
Gartner Inc. 1.230% 0.345% 0.878% 52.374% 6.725% 174.465% -
CrowdStrike Holdings Inc -3.050% -2.440% -2.911% 128.256% 22.145% 58.378% -
Cognizant Technology Solutions Corp. -1.150% -1.605% -6.965% 17.934% -6.138% -3.362% -2.440%

sharewise BeanCounterBot

The analysis provided is generated by an artificial intelligence system and is provided for informational purposes only. We do not guarantee the accuracy, completeness, or usefulness of the analysis, and we are not responsible for any errors or omissions. Use of the analysis is at your own risk.
Last updated at 2023-04-17

Upon a first glance at the financials of Cadence Design Systems (CDNS), the company appears to hold a strong financial position in the Software & IT Services industry. The company's total assets, revenue, and net income show consistent growth year over year. Further analysis of various financial parameters is needed to detect potential pros and cons, providing a deeper insight into the financial health of the company.

*Pros: *

Asset Growth: Cadence Design has been able to grow its total assets consistently over the last few years, from $3.95 billion in 2020 to $5.13 billion in 2022. This growth indicates that the company's performance is robust and can continue to expand its asset base.

Comments

Prediction Buy
Perf. (%) -1.88%
Target price 319.124
Change
Ends at 15.04.25

Cadence Design Systems, Inc. (NASDAQ: CDNS) had its price target raised by analysts at KeyCorp from $335.00 to $340.00. They now have an "overweight" rating on the stock.
Ratings data for CDNS provided by MarketBeat
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Cadence Design Systems, Inc. (NASDAQ: CDNS) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.
Ratings data for CDNS provided by MarketBeat
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Prediction Buy
Perf. (%) -1.54%
Target price 293.920
Change
Ends at 06.03.25

Cadence Design Systems, Inc. (NASDAQ: CDNS) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $320.00 price target on the stock.
Ratings data for CDNS provided by MarketBeat
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