Cerence Inc. (CRNC)
NASDAQ: CRNC · IEX Real-Time Price · USD
3.000
-0.020 (-0.66%)
Jul 19, 2024, 4:00 PM EDT - Market closed
Cerence Stock Forecast
Stock Price Forecast
The 6 analysts with 12-month price forecasts for Cerence stock have an average target of 6.25, with a low estimate of 3.00 and a high estimate of 9.00. The average target predicts an increase of 108.33% from the current stock price of 3.00.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for Cerence stock from 7 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 0 | 0 | 0 |
| Buy | 1 | 1 | 1 | 0 | 0 | 0 |
| Hold | 4 | 3 | 4 | 6 | 6 | 7 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7 | 6 | 7 | 6 | 6 | 7 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Evercore ISI Group | Evercore ISI Group | Hold Maintains $8 → $5 | Hold | Maintains | $8 → $5 | +66.67% | Jul 15, 2024 |
| Baird | Baird | Hold Maintains $8 → $6 | Hold | Maintains | $8 → $6 | +100.00% | Jul 12, 2024 |
| Goldman Sachs | Goldman Sachs | Hold Maintains $6 → $3 | Hold | Maintains | $6 → $3 | n/a | Jul 10, 2024 |
| Goldman Sachs | Goldman Sachs | Hold Maintains $19 → $6 | Hold | Maintains | $19 → $6 | +100.00% | May 13, 2024 |
| Craig-Hallum | Craig-Hallum | Hold Maintains $22 → $8 | Hold | Maintains | $22 → $8 | +166.67% | May 10, 2024 |
Financial Forecast
Revenue This Year
336.09M
from 294.48M
Increased by 14.13%
Revenue Next Year
262.97M
from 336.09M
Decreased by -21.76%
EPS This Year
0.89
from -1.40
EPS Next Year
0.02
from 0.89
Decreased by -97.99%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 381.7M | 343.1M | 393.8M | 333.0M |
| Avg | 336.1M | 263.0M | 302.2M | 323.4M |
| Low | 314.7M | 237.2M | 256.8M | 310.8M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 29.6% | 2.1% | 49.7% | 10.2% |
| Avg | 14.1% | -21.8% | 14.9% | 7.0% |
| Low | 6.9% | -29.4% | -2.4% | 2.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.47 | 1.11 | 0.53 | 0.84 | 0.84 |
| Avg | 0.89 | 0.02 | 0.09 | 0.82 | 0.82 |
| Low | 0.71 | -0.34 | -0.39 | 0.78 | 0.78 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 25.6% | 2,841.2% | 790.3% | 2.9% |
| Avg | - | -98.0% | 428.6% | 764.9% | - |
| Low | - | - | - | 730.9% | -3.9% |
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.