Cerence Inc. (CRNC)
NASDAQ: CRNC · IEX Real-Time Price · USD
9.39
-0.66 (-6.57%)
At close: Apr 25, 2024, 4:00 PM
9.64
+0.25 (2.66%)
After-hours: Apr 25, 2024, 7:13 PM EDT
Cerence Stock Forecast
Stock Price Forecast
The 7 analysts with 12-month price forecasts for Cerence stock have an average target of 23.86, with a low estimate of 15 and a high estimate of 42. The average target predicts an increase of 154.10% from the current stock price of 9.39.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Cerence stock from 7 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 '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 2 | 2 | 2 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 3 | 3 | 3 | 4 | 3 | 4 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7 | 7 | 7 | 7 | 6 | 7 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Baird | Baird | Hold Maintains $17 → $15 | Hold | Maintains | $17 → $15 | +59.74% | Apr 17, 2024 |
| Needham | Needham | Strong Buy Reiterates $23 | Strong Buy | Reiterates | $23 | +144.94% | Mar 15, 2024 |
| Craig-Hallum | Craig-Hallum | Strong Buy → Hold Downgrades $22 | Strong Buy → Hold | Downgrades | $22 | +134.29% | Feb 7, 2024 |
| Wedbush | Wedbush | Hold Maintains $19 → $21 | Hold | Maintains | $19 → $21 | +123.64% | Feb 7, 2024 |
| Goldman Sachs | Goldman Sachs | Hold Maintains $28 → $19 | Hold | Maintains | $28 → $19 | +102.34% | Nov 29, 2023 |
Financial Forecast
Revenue This Year
368.87M
from 294.48M
Increased by 25.26%
Revenue Next Year
330.05M
from 368.87M
Decreased by -10.52%
EPS This Year
1.40
from -1.40
EPS Next Year
0.90
from 1.40
Decreased by -35.58%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 398.3M | 370.1M | 410.0M | 626.0M |
| Avg | 368.9M | 330.1M | 372.6M | 608.1M |
| Low | 334.2M | 303.6M | 343.4M | 584.3M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 35.2% | 0.3% | 24.2% | 68.0% |
| Avg | 25.3% | -10.5% | 12.9% | 63.2% |
| Low | 13.5% | -17.7% | 4.0% | 56.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 1.60 | 1.23 | 1.42 | 3.52 |
| Avg | 1.40 | 0.90 | 1.21 | 3.42 |
| Low | 1.04 | 0.51 | 0.89 | 3.28 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | - | -12.3% | 57.0% | 190.2% |
| Avg | - | -35.6% | 34.3% | 181.9% |
| Low | - | -63.5% | -1.8% | 170.8% |
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.