Cerence Inc. (CRNC)
NASDAQ: CRNC · Real-Time Price · USD
7.66
-0.76 (-9.03%)
Apr 3, 2025, 2:53 PM EDT - 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 an increase of 19.58% from the current stock price of 7.66.
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 |
|---|---|---|---|---|---|---|---|
| Needham | Needham | Strong Buy Reiterates $16 | Strong Buy | Reiterates | $16 | +108.88% | Mar 18, 2025 |
| Evercore ISI Group | Evercore ISI Group | Hold Maintains $6 → $9 | Hold | Maintains | $6 → $9 | +17.49% | Feb 18, 2025 |
| Needham | Needham | Strong Buy Reiterates $16 | Strong Buy | Reiterates | $16 | +108.88% | Feb 7, 2025 |
| Needham | Needham | Hold → Strong Buy Upgrades $16 | Hold → Strong Buy | Upgrades | $16 | +108.88% | Jan 22, 2025 |
| Goldman Sachs | Goldman Sachs | Hold Maintains $8 → $14 | Hold | Maintains | $8 → $14 | +82.77% | Jan 16, 2025 |
Financial Forecast
Revenue This Year
248.58M
from 331.50M
Decreased by -25.01%
Revenue Next Year
271.94M
from 248.58M
Increased by 9.40%
EPS This Year
0.15
from -14.12
EPS Next Year
0.40
from 0.15
Increased by 168.71%
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 259.1M | 293.5M | 312.1M |
| Avg | 248.6M | 271.9M | 286.6M |
| Low | 236.1M | 240.6M | 250.5M |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | -21.8% | 18.1% | 14.8% |
| Avg | -25.0% | 9.4% | 5.4% |
| Low | -28.8% | -3.2% | -7.9% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 0.32 | 0.68 | 0.95 |
| Avg | 0.15 | 0.40 | 0.63 |
| Low | 0.02 | 0.10 | 0.25 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | - | 355.2% | 134.5% |
| Avg | - | 168.7% | 56.1% |
| Low | - | -34.6% | -39.2% |
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.