# Cadence Design Systems, Inc.  Share Price Target ‘$331.62’, now 5.1% Upside Potential

- Link: https://www.directorstalkinterviews.com/cadence-design-systems-inc.share-price-target-331.62-now-5.1-upside-potential/4121164235
- Published: 2024-07-08T12:25:23+01:00
- Author: Charlotte Edwards

**Cadence Design Systems, Inc.** with ticker code (CDNS) now have 14 analysts in
total covering the stock. The consensus rating is pointing to ‘buy’. The target 
price High/Low ranges between $355.00 and $280.00 and has a mean share price target
at $331.62. (at the time of writing). Given that the stocks previous close was at
$315.47 this is indicating there is a potential upside of 5.1%. Also worth taking
note is the 50 day moving average now sits at $296.03 and the 200 day moving average
is $281.41. The company has a market cap of 87.48B. The stock price for Apple Inc.
is $321.11 USD

 The potential market cap would be $91,956,036,061 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 83.41, revenue per share of $15.14 and a 13.86% 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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