CDNS Stock Forecast: Is There a Price Too High for Quality?

January 23, 2023
Rafi ReesThis "CDNS Stock Forecast: is there a price too high for quality" article was written by Rafi Rees – Financial Analyst at I Know First.

Summary

  • Cadence design Systems has returned 300% to shareholders over the last 5 years.
  • Despite excellence on the operations front, a valuation analysis suggests that this is a high-quality company trading at very premium multiples.
  • I fear these multiples may be a little overcooked in the current environment.

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