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：
該公司預計Q3/Q4將保持穩定業績，但預計中國和鑄造廠支出的下降可能會成爲明年增長的輕微障礙。調整FY25的估算時，公司還承認了業績強勁的領域。
Cadence Design的第三季度業績被認爲是「紮實的」，未來的展望似乎是一致的。對於年底強勁的業績預期最初受到懷疑，但如管理層所預期的那樣，這一預期已經實現。由於硬件產品週期的持久性、公司IP基本面的改進以及預計中國在2024年表現疲軟後有望復甦，2024年底看到的強勁營收增長軌跡預計將延續到2025年。
關於eda軟件-半導體行業躋身芯片行業的「優勝者圈」的情緒具有積極轉變的潛力，預計2025年將迎來強勁反彈。FY24的營收和EBIt預測在中點保持穩定，但從電話會議和對業務趨勢的樂觀討論中獲得了更重要的洞察。值得注意的是，Q4的訂單管道看起來異常強勁。
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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