Cerence Inc. (CRNC)
NASDAQ: CRNC · Real-Time Price · USD
8.17
+0.35 (4.48%)
At close: Apr 23, 2025, 4:00 PM
8.00
-0.17 (-2.08%)
Pre-market: Apr 24, 2025, 4:55 AM EDT
Cerence Stock Forecast
Stock Price Forecast
The 8 analysts with 12-month price forecasts for Cerence stock have an average target of 8.41, with a low estimate of 3.30 and a high estimate of 16. The average target predicts an increase of 2.94% from the current stock price of 8.17.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Cerence stock from 8 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Nov '24 | Dec '24 | Jan '25 | Feb '25 | Mar '25 | Apr '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 2 | 2 | 2 | 2 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 7 | 7 | 6 | 6 | 6 | 6 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 8 | 8 | 8 | 8 | 8 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Goldman Sachs | Goldman Sachs | Hold Maintains $14 → $8 | Hold | Maintains | $14 → $8 | -2.08% | Apr 10, 2025 |
| Needham | Needham | Strong Buy Reiterates $16 | Strong Buy | Reiterates | $16 | +95.84% | Mar 18, 2025 |
| Evercore ISI Group | Evercore ISI Group | Hold Maintains $6 → $9 | Hold | Maintains | $6 → $9 | +10.16% | Feb 18, 2025 |
| Needham | Needham | Strong Buy Reiterates $16 | Strong Buy | Reiterates | $16 | +95.84% | Feb 7, 2025 |
| Needham | Needham | Hold → Strong Buy Upgrades $16 | Hold → Strong Buy | Upgrades | $16 | +95.84% | Jan 22, 2025 |
Financial Forecast
Revenue This Year
248.02M
from 331.50M
Decreased by -25.18%
Revenue Next Year
270.90M
from 248.02M
Increased by 9.23%
EPS This Year
0.14
from -14.12
EPS Next Year
0.38
from 0.14
Increased by 166.08%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 259.1M | 293.5M | 312.1M |
| Avg | 248.0M | 270.9M | 284.6M |
| Low | 232.8M | 234.6M | 244.8M |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | -21.8% | 18.3% | 15.2% |
| Avg | -25.2% | 9.2% | 5.0% |
| Low | -29.8% | -5.4% | -9.6% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 0.32 | 0.68 | 0.95 |
| Avg | 0.14 | 0.38 | 0.58 |
| Low | 0.02 | -0.06 | 0.11 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | - | 383.4% | 151.5% |
| Avg | - | 166.1% | 54.8% |
| Low | - | - | -71.3% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.