Cerence Inc. (CRNC)
NASDAQ: CRNC · Real-Time Price · USD
11.07
-0.23 (-2.02%)
Mar 3, 2025, 12:48 PM EST - Market open
Cerence Stock Forecast
Stock Price Forecast
The 8 analysts with 12-month price forecasts for Cerence stock have an average target of 9.16, with a low estimate of 3.30 and a high estimate of 16. The average target predicts a decrease of -17.22% from the current stock price of 11.07.
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 | Sep '24 | Oct '24 | Nov '24 | Dec '24 | Jan '25 | Feb '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 2 | 2 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 7 | 7 | 7 | 7 | 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 |
|---|---|---|---|---|---|---|---|
| Evercore ISI Group | Evercore ISI Group | Hold Maintains $6 → $9 | Hold | Maintains | $6 → $9 | -18.66% | Feb 18, 2025 |
| Needham | Needham | Strong Buy Reiterates $16 | Strong Buy | Reiterates | $16 | +44.60% | Feb 7, 2025 |
| Needham | Needham | Hold → Strong Buy Upgrades $16 | Hold → Strong Buy | Upgrades | $16 | +44.60% | Jan 22, 2025 |
| Goldman Sachs | Goldman Sachs | Hold Maintains $8 → $14 | Hold | Maintains | $8 → $14 | +26.53% | Jan 16, 2025 |
| Needham | Needham | Hold Reiterates n/a | Hold | Reiterates | n/a | n/a | Nov 25, 2024 |
Financial Forecast
Revenue This Year
248.58M
from 331.50M
Decreased by -25.01%
Revenue Next Year
268.51M
from 248.58M
Increased by 8.02%
EPS This Year
0.10
from -14.12
EPS Next Year
0.41
from 0.10
Increased by 301.49%
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 259.1M | 293.5M | 312.1M |
| Avg | 248.6M | 268.5M | 286.6M |
| Low | 236.1M | 240.6M | 250.5M |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | -21.8% | 18.1% | 16.2% |
| Avg | -25.0% | 8.0% | 6.7% |
| Low | -28.8% | -3.2% | -6.7% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 0.26 | 0.68 | 0.95 |
| Avg | 0.10 | 0.41 | 0.63 |
| Low | - | 0.10 | 0.25 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | - | 560.6% | 127.8% |
| Avg | - | 301.5% | 51.6% |
| Low | - | -5.1% | -40.9% |
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.