# Cadence Design Systems, Inc. – Consensus ‘buy’ rating and 3.5% Upside Potential

- Link: https://www.directorstalkinterviews.com/cadence-design-systems-inc.consensus-buy-rating-and-3.5-upside-potential/4121133411
- Published: 2023-11-20T14:51:50+00:00
- Author: Charlotte Edwards

**Cadence Design Systems, Inc.** with ticker code (CDNS) have now 14 analysts in
total covering the stock. The consensus rating is pointing to ‘buy’. The range between
the high target price and low target price is between $307.00 and $248.00 calculating
the mean target price we have $276.21. Given that the stocks previous close was 
at $266.99 this indicates there is a potential upside of 3.5%. The 50 day moving
average now sits at $243.70 and the 200 day moving average is $223.99. The total
market capitalization for the company now stands at 72.99B. The stock price for 
Apple Inc. is $268.27 USD

 The potential market cap would be $75,506,512,653 based on the market consensus.

The company has a dividend yield of 6.9%. Other points of data to note are a P/E
ratio of 76.43, revenue per share of $14.55 and a 13.79% return on assets.

Cadence Design Systems, Inc. is an electronic system designing company. The Company’s
Custom IC Design and Simulation offerings are used by its customers to create schematic
and physical representations of circuits down to the transistor level for analog,
mixed-signal, custom digital, memory and radio frequency (RF) designs. Its Digital
IC Design and Signoff solutions are used to create logical representations of a 
digital circuit or an integrated circuit (IC) that can be verified for correctness
prior to implementation. The Company’s Functional Verification products are used
by its customers to verify that the circuitry or the software they have designed
is consistent with the functional specification. Its IP offerings consist of pre-
verified, customizable functional blocks. Its System Design and Analysis offerings
are used by its customers to develop printed circuit boards (PCBs) and advanced 
IC packages and to analyze electromagnetic, electro-thermal and other multi-physics
effects.

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