What are CDNs share price targets?

Their CDNS share price targets range from $280.00 to $350.00. On average, they predict the company's stock price to reach $326.11 in the next year. This suggests a possible upside of 10.8% from the stock's current price. View analysts price targets for CDNS or view top-rated stocks among Wall Street analysts. How have CDNS shares performed in 2024?

Is CDNs stock a good buy?

According to 10 stock analysts, the average 12-month stock price forecast for CDNS stock stock is $259.1, which predicts a decrease of -5.77%. The lowest target is $200 and the highest is $300. On average, analysts rate CDNS stock stock as a strong buy. * Price targets were last updated on Nov 10, 2023.

Is CDNs stock overvalued?

With this, our long-term expectations remain intact. Despite the drop in share price, we still view the current stock as slightly overvalued. CDNS is trading at a 846% premium. Secular tailwinds in chip design such as 5G, Inernet of Things, AI/ML, and others should increase demand for EDA tools and support growth for Cadence.