On Oct 29, major Wall Street analysts update their ratings for $Cadence Design Systems (CDNS.US)$, with price targets ranging from $225 to $355.
Morgan Stanley analyst Lee Simpson maintains with a buy rating, and maintains the target price at $280.
J.P. Morgan analyst Harlan Sur maintains with a hold rating, and maintains the target price at $300.
Baird analyst Joseph Vruwink maintains with a buy rating, and maintains the target price at $340.
Oppenheimer analyst Edward Yang maintains with a sell rating, and maintains the target price at $225.
Needham analyst Charles Shi maintains with a buy rating, and adjusts the target price from $320 to $315.
Furthermore, according to the comprehensive report, the opinions of $Cadence Design Systems (CDNS.US)$'s main analysts recently are as follows:
The firm anticipates a consistent performance in Q3/Q4 but projects that diminishing expenditures in China and foundries may present a slight obstacle to growth moving into the next year. While adjusting the estimates for FY25, the firm also acknowledges areas of robust performance.
Cadence Design's third-quarter outcomes were deemed 'solid', and the projections for the future seem to be consistent. The anticipated strong performance for the latter half of the year, which was initially met with skepticism, has come to fruition as anticipated by management. The robust revenue trajectory seen at the close of 2024 is expected to continue into 2025 due to the durability of the hardware product cycle, enhancements in the company's IP fundamentals, and the potential for a rebound from a weaker performance in China in 2024.
The sentiment surrounding EDA's inclusion in the chip sector's 'winner's circle' has potential for positive shifts, with expectations for a strong rebound in the year 2025. The forecast for revenue and EBIT in FY24 remains steady at the midpoint, but more significant insights were gleaned from the conference call and the optimistic discourse on business tendencies. Notably, the bookings pipeline for Q4 appears exceptionally robust.
Here are the latest investment ratings and price targets for $Cadence Design Systems (CDNS.US)$ from 8 analysts:
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美東時間10月29日，多家華爾街大行更新了$鏗騰電子 (CDNS.US)$的評級，目標價介於225美元至355美元。
摩根士丹利分析師Lee Simpson維持買入評級，維持目標價280美元。
摩根大通分析師Harlan Sur維持持有評級，維持目標價300美元。
貝雅分析師Joseph Vruwink維持買入評級，維持目標價340美元。
奧本海默控股分析師Edward Yang維持賣出評級，維持目標價225美元。
Needham分析師Charles Shi維持買入評級，並將目標價從320美元下調至315美元。
此外，綜合報道，$鏗騰電子 (CDNS.US)$近期主要分析師觀點如下：
公司預計Q3/Q4將保持穩定業績，但認爲中國和晶圓廠支出減少可能對明年的增長構成輕微障礙。 在調整FY25的估計值時，公司還承認存在業績強勁的領域。
Cadence Design的第三季度業績被認爲是「穩固的」，未來的預測似乎是一致的。 該公司對後半年預期強勁業績的初衷雖然最初受到懷疑，但已如管理層所預期地實現。 預計2024年底硬件產品週期的穩健營收增長趨勢將由於公司IP基礎的增強和2024年中國表現疲弱可能出現的反彈而延續到2025年。
EDA軟件-半導體在芯片板塊的「贏家圈」中的受歡迎程度有望帶來積極變化，預計2025年將出現強勁反彈。 FY24的營業收入和EBIt預測保持在中間水平，但從電話會議以及對業務傾向樂觀性的討論中獲得了更重要的見解。 值得注意的是，Q4的訂單管道顯得異常強勁。
以下爲今日8位分析師對$鏗騰電子 (CDNS.US)$的最新投資評級及目標價：
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