Cerence (CRNC) Stock Forecast, Price Target & Predictions
CRNC Stock Forecast
Cerence (CRNC) stock forecast, based on 13 Wall Street analysts, predicts a 12-month average price target of $26.46, with a high of $76.00 and a low of $3.30. This represents a 132.31% increase from the last price of $11.39.
CRNC Stock Rating
Cerence stock's rating consensus is Hold, based on 13 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 4 Buy (30.77%), 9 Hold (69.23%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).
Hold
CRNC Price Target Upside V Benchmarks
| Type | Name | Upside |
|---|---|---|
| Stock | Cerence | 132.31% |
| Sector | Technology Stocks | 13.02% |
Price Target Trends
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | - |
| Avg Price Target | - | - | - |
| Last Closing Price | $11.39 | $11.39 | $11.39 |
| Upside/Downside | - | - | - |
Ratings Trends
| Date | Strong Buy | Buy | Hold | Sell | Strong Sell | Total |
|---|---|---|---|---|---|---|
| Oct, 25 | 1 | - | 4 | - | - | 5 |
| Sep, 25 | 1 | - | 4 | - | - | 5 |
| Aug, 25 | 1 | - | 5 | - | - | 6 |
| Jul, 25 | 1 | - | 6 | - | - | 7 |
| Jun, 25 | 1 | - | 6 | - | - | 7 |
Analyst Price Target Forecasts
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 09, 2024 | Colin Langan | Wells Fargo | $3.30 | $2.77 | 19.13% | -71.03% |
| May 09, 2024 | Chris McNally | Evercore ISI | $8.00 | $6.74 | 18.69% | -29.76% |
| Apr 17, 2024 | Luke Junk | Robert W. Baird | $15.00 | $11.26 | 33.21% | 31.69% |
| Aug 10, 2022 | Needham | $30.00 | $23.34 | 28.53% | 163.39% | |
| Feb 07, 2022 | Brian Gesuale | Raymond James | $76.00 | $43.61 | 74.27% | 567.25% |
Analyst Rating Forecasts
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Nov 22, 2024 | Craig-Hallum | Hold | Hold | hold |
| Aug 09, 2024 | Cowen & Co. | Buy | Buy | hold |
| Aug 09, 2024 | Wells Fargo | Equal-Weight | Equal-Weight | hold |
| May 10, 2024 | Wedbush | Underperform | Underperform | hold |
| May 10, 2024 | Wells Fargo | Overweight | Equal-Weight | downgrade |
| May 09, 2024 | Evercore ISI | Negative | Negative | hold |
| May 07, 2024 | Needham | Buy | Hold | downgrade |
| Apr 17, 2024 | Wedbush | Buy | Buy | hold |
| Feb 09, 2023 | Telsey Advisory | Underperform | downgrade | |
| Feb 09, 2023 | Loop Capital Markets | Neutral | Neutral | hold |
Financial Forecast
EPS Forecast
Annual
| Sep 21 | Sep 22 | Sep 23 | Sep 24 | Sep 25 | Sep 26 | Sep 27 | |
|---|---|---|---|---|---|---|---|
| Reported | $1.22 | $-7.93 | $-1.40 | $-14.12 | - | - | - |
| Avg Forecast | $2.45 | $1.57 | $0.41 | $0.91 | $0.07 | $0.39 | $0.55 |
| High Forecast | $2.62 | $1.88 | $0.42 | $0.92 | $0.12 | $0.47 | $0.56 |
| Low Forecast | $2.31 | $1.26 | $0.40 | $0.90 | $0.02 | $0.31 | $0.54 |
| Surprise % | -50.20% | -605.10% | -441.46% | -1651.65% | - | - | - |
Revenue Forecast
Annual
| Sep 21 | Sep 22 | Sep 23 | Sep 24 | Sep 25 | Sep 26 | Sep 27 | |
|---|---|---|---|---|---|---|---|
| Reported | $387.18M | $327.89M | $294.48M | $331.50M | - | - | - |
| Avg Forecast | $388.10M | $377.58M | $287.85M | $324.41M | $241.97M | $259.34M | $275.62M |
| High Forecast | $408.56M | $453.10M | $288.55M | $328.92M | $245.33M | $262.94M | $275.62M |
| Low Forecast | $371.45M | $302.07M | $287.15M | $318.65M | $237.67M | $254.74M | $275.62M |
| Surprise % | -0.24% | -13.16% | 2.30% | 2.19% | - | - | - |
Net Income Forecast
Annual
| Sep 21 | Sep 22 | Sep 23 | Sep 24 | Sep 25 | Sep 26 | Sep 27 | |
|---|---|---|---|---|---|---|---|
| Reported | $45.89M | $-310.83M | $-56.25M | $-588.08M | - | - | - |
| Avg Forecast | $36.16M | $-71.60M | $-30.24M | $37.83M | $2.99M | $16.07M | $22.85M |
| High Forecast | $43.39M | $-46.96M | $-19.83M | $38.25M | $4.95M | $19.41M | $23.32M |
| Low Forecast | $28.93M | $-96.24M | $-40.64M | $37.42M | $1.03M | $12.74M | $22.37M |
| Surprise % | 26.91% | 334.12% | 86.03% | -1654.34% | - | - | - |