Key Highlights:
- Cadence Design Systems (CDNS, Financial) beats Q1 expectations and projects robust earnings growth through 2025.
- Analysts maintain an "Outperform" rating, suggesting promising future prospects for investors.
- Current GF Value estimates indicate a potential upside of 16.71% over the next year.
Cadence Design Systems (CDNS) stock experienced a 0.5% increase after market hours, following the release of impressive first-quarter results along with a positive earnings outlook for 2025. The company's adjusted earnings per share came in at $1.57, based on $1.242 billion in revenue, both figures exceeding analyst predictions. Moving forward, Cadence anticipates full-year earnings ranging from $6.73 to $6.83 per share, with revenue projections between $5.15 billion and $5.23 billion.
Wall Street Analysts Forecast
According to 19 analysts' one-year price targets, the average target price for Cadence Design Systems Inc (CDNS, Financial) is $310.88. Estimates range from a high of $355.00 to a low of $200.00, implying a potential upside of 8.80% from the current price of $285.74. Investors looking for more detailed estimates can visit the Cadence Design Systems Inc (CDNS) Forecast page.
With a consensus recommendation from 21 brokerage firms, Cadence Design Systems Inc's (CDNS, Financial) average brokerage recommendation stands at 2.0, indicating an "Outperform" status. This rating uses a scale from 1 to 5, where 1 equates to a Strong Buy, and 5 translates to a Sell.
Based on GuruFocus estimates, the anticipated GF Value for Cadence Design Systems Inc (CDNS, Financial) in one year is $333.50. This suggests a significant upside of 16.71% from the current price of $285.74. The GF Value represents GuruFocus' assessment of the fair market value of the stock, derived from historical trading multiples, past business growth, and future business performance estimates. For more comprehensive data, visit the Cadence Design Systems Inc (CDNS) Summary page.
