What is CDNS stock price target for 2026?

WallStSmart's 12-month price target for Cadence Design Systems Inc is $122.28, representing 62.9% downside from the current price of $329.59.

What is CDNS stock forecast?

Cadence Design Systems Inc forecast includes bull, base, and bear case scenarios from 2026 through 2030. Revenue and EPS projections are derived from analyst consensus and conservative extrapolation with growth deceleration for outer years.

CDNS

Cadence Design Systems Inc

NASDAQ: CDNS · TECHNOLOGY · SOFTWARE - APPLICATION

$329.59

-0.11% today

Updated 2026-04-29

Market cap

$91.55B

P/E ratio

81.88

P/S ratio

17.29x

EPS (TTM)

$4.05

Dividend yield

—

52W range

$263 – $376

Volume

2.5M

Market cap

$91.55B

P/E ratio

81.88

P/S ratio

17.29x

EPS (TTM)

$4.05

Dividend yield

—

52W range

$263 – $376

Volume

2.5M

Cadence Design Systems Inc (CDNS) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current

$329.59

Consensus

$369.00

+11.96%

2030 Target

$391.15

+18.68%

DCF

—

Current price

$329.59

Analyst consensus

$369.00

+11.96%

2030 Target

$391.15

+18.68%

Intrinsic (DCF)

—

15 analysts:

6 Buy1 Hold1 Sell

Management guidance

Cadence provided FY2026 guidance of $6.14B revenue (16% growth), with FY2027 expected at $6.91B (12.4% growth). CEO Anirudh Devgan has emphasized AI-driven demand across chip design, with strong backlog supporting sustained growth through 2027. No specific guidance provided beyond 2027, but company highlighted Physical AI and multiphysics as major growth drivers.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range

Bull case (2030)

$670.54

$9.1B Rev × 20x P/S

Base case (2030)

$391.15

$9.1B Rev × 12x P/S

Bear case (2030)

$251.45

$9.1B Rev × 8x P/S

Financial forecast — research-backed

Metric	2023	2024	2025	2026 (E)	2027 (E)	2028 (E)	2029 (E)	2030 (E)
Revenue	$4.1B	$4.6B	$5.3B	$6.1B	$6.9B	$7.7B	$8.4B	$9.1B
Revenue growth	—	13.5%	14.1%	16.0%	12.4%	10.7%	9.5%	8.8%
EPS	$5.15	$5.97	$7.14	$8.24	$9.47	$10.85	$12.15	$13.50
P/S ratio	—	—	—	12.0x	12.0x	12.0x	12.0x	12.0x
Implied price	—	—	—	$279.39	$307.33	$335.27	$363.21	$391.15

Catalysts & risks

Growth catalysts

+ AI-driven semiconductor design acceleration and customer investment cycles (Meta, NVIDIA, advanced chip makers)

+ Hexagon Design & Engineering acquisition integration driving Physical AI and multiphysics revenue expansion

+ Strong backlog and recurring subscription revenue model providing revenue visibility into 2027-2028

+ EDA market share gains from Synopsys as Cadence gains traction in AI optimization tools

Key risks

- Valuation risk: 69x P/E and 14.6x P/S multiples leave limited margin for growth disappointment

- Insider selling pattern (VP Cunningham sold 1,000 shares in Feb, Mar, Apr 2026) suggests potential near-term caution

- China export restrictions and geopolitical headwinds could impact customer capex cycles

- Competition from Synopsys intensifying with Elliott Investment backing and Ansys integration

Methodology

Cadence Design Systems Inc's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 15 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 6, 2026.