Cadence Design Systems, Inc. (CDNS) Stock Overview
Explore Cadence Design Systems, Inc.’s financial performance, market position, analyst ratings, and future outlook.
Cadence Design Systems, Inc. (CDNS)
Key Financials
Key Financials
Market Cap
113.5B
P/E Ratio
96.09
EPS (TTM)
$4.29
ROE
0.21%
CDNS Stock Analysis & Investment Overview
Our comprehensive AI-powered analysis of Cadence Design Systems, Inc. (CDNS) provides investors with deep insights into the stock's performance, growth potential, and market positioning. With a Meyka AI Score of B+, this stock demonstrates moderate investment characteristics based on our advanced machine learning models.
The current technical analysis reveals key indicators including an RSI of 72.24, suggesting the stock is in an overbought condition. Our forecasting models predict significant price movements, with a 12-month target of $381.33.
Key financial metrics showcase the company's fundamental strength, including a P/E ratio of 96.09 and a market capitalization of 113.5B. These metrics, combined with our AI analysis, provide a comprehensive view for both institutional and retail investors.