$ 349.33
Key Takeaways
Risk factor
Strong & resilient to price shocks
Profitability factor
Very strong margins and returns
About
Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for...
Company Valuation
Considering past and projected metrics, the stock is distinctly 'expensive' compared to its peers. Specifically, the stock is 'expensive' on P/E, overvalued on EV/EBITDA,
Target Price
The average target price of CDNS is 349 and suggests 0% downside potential. Usually, this means a SELL recommendation among investment firms, or a recommendation to decre
