Cerence Inc. (CRNC)
NASDAQ: CRNC · Real-Time Price · USD
5.62
+2.80 (99.29%)
Nov 21, 2024, 1:11 PM EST - Market open
Cerence Stock Forecast
Stock Price Forecast
The 7 analysts with 12-month price forecasts for Cerence stock have an average target of 6.33, with a low estimate of 3.00 and a high estimate of 10. The average target predicts an increase of 12.63% from the current stock price of 5.62.
Analyst Consensus: Hold
* Price targets were last updated on Aug 9, 2024.
Analyst Ratings
The average analyst rating for Cerence stock from 8 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 1 | 1 | 1 | 1 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 6 | 7 | 7 | 7 | 7 | 7 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 7 | 8 | 8 | 8 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| TD Cowen | TD Cowen | Strong Buy Maintains $12 → $10 | Strong Buy | Maintains | $12 → $10 | +77.94% | Aug 9, 2024 |
| Wells Fargo | Wells Fargo | Hold Maintains $6.5 → $3.3 | Hold | Maintains | $6.5 → $3.3 | -41.28% | Aug 9, 2024 |
| Needham | Needham | Hold Reiterates n/a | Hold | Reiterates | n/a | n/a | Aug 9, 2024 |
| Evercore ISI Group | Evercore ISI Group | Hold Maintains $8 → $5 | Hold | Maintains | $8 → $5 | -11.03% | Jul 15, 2024 |
| Baird | Baird | Hold Maintains $8 → $6 | Hold | Maintains | $8 → $6 | +6.76% | Jul 12, 2024 |
Financial Forecast
Revenue This Year
330.83M
from 294.48M
Increased by 12.35%
Revenue Next Year
238.78M
from 330.83M
Decreased by -27.82%
EPS This Year
0.91
from -1.40
EPS Next Year
-0.05
from 0.91
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 342.7M | 271.7M | 393.8M | |
| Avg | 330.8M | 238.8M | 272.8M | |
| Low | 316.4M | 209.7M | 219.3M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 16.4% | -17.9% | 64.9% | |
| Avg | 12.3% | -27.8% | 14.2% | |
| Low | 7.5% | -36.6% | -8.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 0.98 | 0.25 | 0.68 | ||
| Avg | 0.91 | -0.05 | 0.24 | ||
| Low | 0.78 | -0.31 | -0.15 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | -72.2% | - | ||
| Avg | - | - | - | ||
| Low | - | - | - |
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.