Cerence Stock Forecast

Stock Price Forecast

The 7 analysts with 12-month price forecasts for Cerence stock have an average target of 6.04, with a low estimate of 3.00 and a high estimate of 10. The average target predicts a decrease of -21.25% from the current stock price of 7.67.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$3.00	$6.04	$6.00	$10
Change	-60.89%	-21.25%	-21.77%	+30.38%

* Price targets were last updated on Nov 22, 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	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24	Dec '24
Strong Buy	0	1	1	1	1	1
Buy	0	0	0	0	0	0
Hold	7	7	7	7	7	7
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	7	8	8	8	8	8

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Quinn Bolton Needham	Needham	Hold Reiterates n/a	Hold	Reiterates	n/a	n/a	Nov 25, 2024
Jeff Van Rhee Craig-Hallum	Craig-Hallum	Hold Maintains $3.5 → $6	Hold	Maintains	$3.5 → $6	-21.77%	Nov 22, 2024
Jeff Osborne TD Cowen	TD Cowen	Strong Buy Maintains $12 → $10	Strong Buy	Maintains	$12 → $10	+30.38%	Aug 9, 2024
Colin Langan Wells Fargo	Wells Fargo	Hold Maintains $6.5 → $3.3	Hold	Maintains	$6.5 → $3.3	-56.98%	Aug 9, 2024
Quinn Bolton Needham	Needham	Hold Reiterates n/a	Hold	Reiterates	n/a	n/a	Aug 9, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

249.48M

from 331.50M

-24.74%

from 331.50M

Revenue Next Year

281.55M

from 249.48M

12.85%

from 249.48M

EPS This Year

-0.05

from -14.12

EPS Next Year

0.31

from -0.05

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Sep 30, 2020	Sep 30, 2021	Sep 30, 2022	Sep 30, 2023	Sep 30, 2024	Sep 30, 2025	Sep 30, 2026	Sep 30, 2027
Revenue	330.97M	387.18M	327.89M	294.48M	331.50M	249.48M	281.55M	288.46M
Revenue Growth	9.12%	16.99%	-15.31%	-10.19%	12.57%	-24.74%	12.85%	2.45%
EPS	-0.50	1.17	-7.93	-1.40	-14.12	-0.05	0.31	0.82
EPS Growth	-	-	-	-	-	-	-	162.15%
Forward PE	-	-	-	-	-	-	24.64	9.40
No. Analysts	-	-	-	-	-	10	8	3

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027
High	271.7M	393.8M	296.9M
Avg	249.5M	281.6M	288.5M
Low	236.0M	241.8M	277.1M

Revenue Growth

Revenue Growth	2025	2026	2027
High	-18.0%	57.8%	5.5%
Avg	-24.7%	12.9%	2.5%
Low	-28.8%	-3.1%	-1.6%

EPS Forecast

EPS	2025	2026	2027
High	0.25	0.69	0.84
Avg	-0.05	0.31	0.82
Low	-0.31	-0.15	0.78

EPS Growth

EPS Growth	2025	2026	2027
High	-	-	169.9%
Avg	-	-	162.1%
Low	-	-	151.9%

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.