Key Highlights
- Cadence Design Systems (CDNS, Financial) is expected to announce its Q1 earnings with a significant 28.2% rise in EPS to $1.50.
- Revenue is projected to increase by 22.8%, reaching $1.24 billion.
- Analysts' consensus suggests a potential stock upside of 7.34%, with a forecast price target of $310.88.
Upcoming Earnings Report
Cadence Design Systems (CDNS) is set to unveil its first-quarter financial results on April 28. With an anticipated earnings per share (EPS) of $1.50, analysts are predicting a substantial year-over-year hike of 28.2%. Meanwhile, revenue is expected to climb to $1.24 billion, marking an impressive 22.8% increase. Notably, CDNS has a solid track record of exceeding EPS forecasts, reinforcing investor confidence.
Analysts' Price Projections
Wall Street analysts have provided one-year price targets for CDNS, with the average target set at $310.88. The estimates span a high of $355.00 and a low of $200.00, suggesting an upside potential of 7.34% from the current price of $289.63. For more in-depth forecast details, please visit the Cadence Design Systems Inc (CDNS, Financial) Forecast page.
Brokerage Firm Recommendations
According to the consensus from 21 brokerage firms, Cadence Design Systems Inc (CDNS, Financial) holds an average recommendation of 2.0. This rating indicates an "Outperform" status on a scale where 1 equates to a Strong Buy and 5 to a Sell, reflecting positive sentiment among analysts.
GuruFocus Valuation Insights
GuruFocus' calculations estimate the GF Value for CDNS to be $333.50 in one year, indicating a potential 15.15% upside from the current stock price of $289.63. The GF Value represents GuruFocus' evaluation of the stock's fair market value, derived from historical trading multiples, past growth rates, and projected future performance. For a comprehensive analysis, visit the Cadence Design Systems Inc (CDNS, Financial) Summary page.
