Cerence (CRNC) Stock Forecast, Price Target & Predictions

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CRNC Stock Forecast

Cerence stock forecast is as follows: an average price target of $26.46 (represents a 790.91% upside from CRNC’s last price of $2.97) and a rating consensus of 'Hold', based on 12 wall street analysts offering a 1-year stock forecast.

CRNC Price Target

The average price target for Cerence (CRNC) is $26.46 based on 1-year price targets from 12 Wall Street analysts in the past 3 months, with a price target range of $76.00 to $3.30. This represents a potential 790.91% upside from CRNC's last price of $2.97.

CRNC Analyst Ratings

Hold

According to 12 Wall Street analysts, Cerence's rating consensus is 'Hold'. The analyst rating breakdown for CRNC stock is 0 'Strong Buy' (0.00%), 3 'Buy' (25.00%), 7 'Hold' (58.33%), 2 'Sell' (16.67%), and 0 'Strong Sell' (0.00%).

Cerence Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Aug 09, 2024	Colin Langan	Wells Fargo	$3.30	$2.77	19.13%	11.11%
May 09, 2024	Chris McNally	Evercore ISI	$8.00	$6.74	18.72%	169.36%
Apr 17, 2024	Luke Junk	Robert W. Baird	$15.00	$11.26	33.27%	405.05%
Aug 10, 2022	-	Needham	$30.00	$23.34	28.53%	910.10%
Feb 07, 2022	Brian Gesuale	Raymond James	$76.00	$43.61	74.27%	2458.92%

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The latest Cerence stock forecast, released on Aug 09, 2024 by Colin Langan from Wells Fargo, set a price target of $3.30, which represents a 19.13% increase from the stock price at the time of the forecast ($2.77), and a 11.11% increase from CRNC last price ($2.97).

Cerence Price Target by Period

	1M	3M	12M
# Anlaysts	-	-	3
Avg Price Target	-	-	$8.77
Last Closing Price	$2.97	$2.97	$2.97
Upside/Downside	-100.00%	-100.00%	195.29%

In the current month, the average price target of Cerence stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Cerence's last price of $2.97. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Aug 09, 2024	Cowen & Co.	Buy	Buy	Hold
Aug 09, 2024	Wells Fargo	Equal-Weight	Equal-Weight	Hold
May 10, 2024	Wedbush	Underperform	Underperform	Hold
May 10, 2024	Wells Fargo	Buy	Buy	Hold
May 10, 2024	Wells Fargo	Overweight	Equal-Weight	Downgrade
May 09, 2024	Evercore ISI	Negative	Negative	Hold
May 07, 2024	Needham	Buy	Hold	Downgrade
Apr 17, 2024	Wedbush	Buy	Buy	Hold
Feb 09, 2023	Wolfe Research	-	Peer Perform	Downgrade
Feb 09, 2023	RBC Capital	-	Sector Perform	Downgrade

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Cerence's last stock rating was published by Cowen & Co. on Aug 09, 2024. The company gave CRNC a "Buy" rating, the same as its previous rate.

Cerence Financial Forecast

Cerence Revenue Forecast

	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
Revenue	-	-	-	-	-	-	-	-	-	-	-	$138.34M	$80.76M	$61.66M	$68.39M	$83.66M	$58.14M	$89.04M	$86.28M	$94.43M	$98.08M	$96.80M	$98.66M	$94.96M	$90.88M	$74.81M	$86.50M	$77.46M	$82.96M
Avg Forecast	$67.08M	$65.02M	$62.59M	$62.25M	$60.10M	$58.22M	$57.28M	$55.69M	$47.71M	$68.40M	$62.15M	$131.13M	$74.37M	$60.73M	$65.92M	$76.62M	$56.10M	$91.73M	$84.59M	$95.07M	$97.92M	$95.96M	$93.44M	$87.92M	$79.60M	$61.45M	$74.54M	$77.70M	$82.98M
High Forecast	$67.08M	$65.02M	$62.59M	$62.25M	$60.10M	$58.22M	$57.28M	$55.69M	$47.71M	$68.40M	$62.15M	$131.73M	$77.54M	$60.73M	$65.92M	$76.62M	$56.10M	$91.73M	$84.59M	$95.07M	$97.92M	$95.96M	$93.44M	$87.92M	$79.60M	$61.45M	$74.54M	$77.70M	$82.98M
Low Forecast	$67.08M	$65.02M	$62.59M	$62.25M	$60.10M	$58.22M	$57.28M	$55.69M	$47.71M	$68.40M	$62.15M	$130.54M	$66.79M	$60.73M	$65.92M	$76.62M	$56.10M	$91.73M	$84.59M	$95.07M	$97.92M	$95.96M	$93.44M	$87.92M	$79.60M	$61.45M	$74.54M	$77.70M	$82.98M
# Analysts	2	2	2	1	1	1	1	2	4	2	1	2	9	6	4	3	7	4	3	4	7	4	4	4	6	4	4	7	4
Surprise %	-	-	-	-	-	-	-	-	-	-	-	1.05%	1.09%	1.02%	1.04%	1.09%	1.04%	0.97%	1.02%	0.99%	1.00%	1.01%	1.06%	1.08%	1.14%	1.22%	1.16%	1.00%	1.00%

Cerence's average Quarter revenue forecast for Mar 24 based on 1 analysts is $62.15M, with a low forecast of $62.15M, and a high forecast of $62.15M. CRNC's average Quarter revenue forecast represents a -55.07% decrease compared to the company's last Quarter revenue of $138.34M (Dec 23).

Cerence EBITDA Forecast

	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	2	2	2	1	1	1	1	2	4	2	1	2	9	6	4	3	7	4	3	4	7	4	4	4	6	4	4	7	4
EBITDA	-	-	-	-	-	-	-	-	-	-	-	$58.58M	$3.90M	$-8.50M	$-7.64M	$11.80M	$-10.53M	$22.02M	$13.17M	$23.13M	$18.32M	$37.43M	$28.18M	$25.68M	$18.52M	$-17.37M	$20.09M	$5.40M	$12.16M
Avg Forecast	$-669.29K	$-648.73K	$-624.50K	$-621.11K	$-599.68K	$-580.93K	$-571.56K	$-555.70K	$-476.09K	$-682.53K	$15.81M	$-1.31M	$-742.10K	$-605.99K	$14.37M	$22.55M	$10.14M	$16.58M	$13.07M	$17.18M	$17.69M	$17.34M	$18.97M	$15.89M	$14.38M	$11.10M	$28.63M	$5.20M	$14.99M
High Forecast	$-669.29K	$-648.73K	$-624.50K	$-621.11K	$-599.68K	$-580.93K	$-571.56K	$-555.70K	$-476.09K	$-682.53K	$18.97M	$-1.30M	$-666.46K	$-605.99K	$17.25M	$27.07M	$10.14M	$16.58M	$15.68M	$17.18M	$17.69M	$17.34M	$22.76M	$15.89M	$14.38M	$11.10M	$34.35M	$6.25M	$14.99M
Low Forecast	$-669.29K	$-648.73K	$-624.50K	$-621.11K	$-599.68K	$-580.93K	$-571.56K	$-555.70K	$-476.09K	$-682.54K	$12.65M	$-1.31M	$-773.65K	$-605.99K	$11.50M	$18.04M	$10.14M	$16.58M	$10.45M	$17.18M	$17.69M	$17.34M	$15.17M	$15.89M	$14.38M	$11.10M	$22.90M	$4.16M	$14.99M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-44.77%	-5.25%	14.03%	-0.53%	0.52%	-1.04%	1.33%	1.01%	1.35%	1.04%	2.16%	1.49%	1.62%	1.29%	-1.56%	0.70%	1.04%	0.81%

1 analysts predict CRNC's average Quarter EBITDA for Mar 24 to be $15.81M, with a high of $18.97M and a low of $12.65M. This is -73.01% lower than Cerence's previous annual EBITDA (Dec 23) of $58.58M.

Cerence Net Income Forecast

	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	2	2	2	1	1	1	1	2	4	2	1	2	9	6	4	3	7	4	3	4	7	4	4	4	6	4	4	7	4
Net Income	-	-	-	-	-	-	-	-	-	-	-	$23.86M	$-11.55M	$-16.45M	$-26.09M	$-2.16M	$-230.13M	$-99.27M	$-476.00K	$19.04M	$7.99M	$5.80M	$11.16M	$21.64M	$6.82M	$-28.18M	$12.49M	$-11.76M	$95.79M
Avg Forecast	$3.50M	$2.86M	$1.73M	$2.24M	$1.95M	$1.02M	$-537.36K	$-2.39M	$-15.23M	$1.25M	$-592.90K	$38.25M	$6.11M	$-6.18M	$-539.00K	$18.57M	$-9.05M	$17.72M	$-490.00K	$21.34M	$23.62M	$22.72M	$7.51M	$21.11M	$14.33M	$3.37M	$17.81M	$-11.34M	$20.20M
High Forecast	$3.50M	$2.86M	$1.73M	$2.24M	$1.95M	$1.02M	$-537.36K	$-2.39M	$-15.23M	$1.25M	$-474.32K	$38.25M	$7.34M	$-6.18M	$-431.20K	$22.29M	$-9.05M	$17.72M	$-392.00K	$21.34M	$23.62M	$22.72M	$9.02M	$21.11M	$14.33M	$3.37M	$21.37M	$-9.07M	$20.20M
Low Forecast	$3.50M	$2.86M	$1.73M	$2.24M	$1.95M	$1.02M	$-537.36K	$-2.39M	$-15.23M	$1.25M	$-711.48K	$37.82M	$4.89M	$-6.18M	$-646.80K	$14.86M	$-9.05M	$17.72M	$-588.00K	$21.34M	$23.62M	$22.72M	$6.01M	$21.11M	$14.33M	$3.37M	$14.24M	$-13.61M	$20.20M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	0.62%	-1.89%	2.66%	48.40%	-0.12%	25.42%	-5.60%	0.97%	0.89%	0.34%	0.26%	1.49%	1.03%	0.48%	-8.37%	0.70%	1.04%	4.74%

Cerence's average Quarter net income forecast for Mar 24 is $-592.90K, with a range of $-711.48K to $-474.32K. CRNC's average Quarter net income forecast represents a -102.49% decrease compared to the company's last Quarter net income of $23.86M (Dec 23).

Cerence SG&A Forecast

	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	2	2	2	1	1	1	1	2	4	2	1	2	9	6	4	3	7	4	3	4	7	4	4	4	6	4	4	7	4
SG&A	-	-	-	-	-	-	-	-	-	-	-	$18.86M	$17.30M	$17.30M	$27.39M	$23.42M	$19.32M	$18.91M	$22.11M	$13.41M	$29.00M	$22.71M	$22.51M	$20.52M	$21.50M	$23.44M	$18.42M	$19.43M	$17.07M
Avg Forecast	$16.33M	$15.83M	$15.24M	$15.16M	$14.63M	$14.17M	$13.95M	$13.56M	$11.62M	$16.65M	$27.54M	$31.93M	$18.11M	$14.79M	$25.04M	$13.07M	$13.66M	$22.33M	$22.76M	$23.15M	$23.84M	$23.36M	$15.15M	$21.40M	$19.38M	$14.96M	$26.25M	$18.73M	$20.20M
High Forecast	$16.33M	$15.83M	$15.24M	$15.16M	$14.63M	$14.17M	$13.95M	$13.56M	$11.62M	$16.65M	$33.05M	$32.07M	$18.88M	$14.79M	$30.04M	$15.69M	$13.66M	$22.33M	$27.31M	$23.15M	$23.84M	$23.36M	$18.18M	$21.40M	$19.38M	$14.96M	$31.49M	$22.48M	$20.20M
Low Forecast	$16.33M	$15.83M	$15.24M	$15.16M	$14.63M	$14.17M	$13.95M	$13.56M	$11.62M	$16.65M	$22.03M	$31.78M	$16.26M	$14.79M	$20.03M	$10.46M	$13.66M	$22.33M	$18.21M	$23.15M	$23.84M	$23.36M	$12.12M	$21.40M	$19.38M	$14.96M	$21.00M	$14.99M	$20.20M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	0.59%	0.96%	1.17%	1.09%	1.79%	1.41%	0.85%	0.97%	0.58%	1.22%	0.97%	1.49%	0.96%	1.11%	1.57%	0.70%	1.04%	0.84%

Cerence's average Quarter SG&A projection for Mar 24 is $27.54M, based on 1 Wall Street analysts, with a range of $22.03M to $33.05M. The forecast indicates a 45.99% rise compared to CRNC last annual SG&A of $18.86M (Dec 23).

Cerence EPS Forecast

	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	2	2	2	1	1	1	1	2	4	2	1	2	9	6	4	3	7	4	3	4	7	4	4	4	6	4	4	7	4
EPS	-	-	-	-	-	-	-	-	-	-	-	$0.58	$-0.29	$-0.41	$-0.65	$-0.05	$-5.84	$-2.53	$-0.01	$0.49	$0.21	$0.15	$0.30	$0.58	$0.19	$-0.77	$0.34	$-0.33	$2.59
Avg Forecast	$0.08	$0.07	$0.04	$0.05	$0.05	$0.02	$-0.01	$-0.06	$-0.36	$0.03	$-0.22	$0.92	$0.15	$-0.15	$-0.13	$0.09	$-0.22	$0.42	$0.34	$0.51	$0.57	$0.54	$0.52	$0.51	$0.34	$0.08	$0.20	$0.28	$0.48
High Forecast	$0.08	$0.07	$0.04	$0.05	$0.05	$0.02	$-0.01	$-0.06	$-0.36	$0.03	$-0.22	$0.92	$0.18	$-0.15	$-0.13	$0.09	$-0.22	$0.42	$0.34	$0.51	$0.57	$0.54	$0.52	$0.51	$0.34	$0.08	$0.20	$0.28	$0.48
Low Forecast	$0.08	$0.07	$0.04	$0.05	$0.05	$0.02	$-0.01	$-0.06	$-0.36	$0.03	$-0.22	$0.90	$0.12	$-0.15	$-0.13	$0.09	$-0.22	$0.42	$0.34	$0.51	$0.57	$0.54	$0.52	$0.51	$0.34	$0.08	$0.20	$0.28	$0.48
Surprise %	-	-	-	-	-	-	-	-	-	-	-	0.63%	-1.98%	2.77%	5.16%	-0.60%	26.96%	-5.97%	-0.04%	0.96%	0.37%	0.28%	0.57%	1.15%	0.55%	-9.56%	1.72%	-1.18%	5.36%

According to 1 Wall Street analysts, Cerence's projected average Quarter EPS for Mar 24 is $-0.22, with a low estimate of $-0.22 and a high estimate of $-0.22. This represents a -138.48% decrease compared to CRNC previous annual EPS of $0.58 (Dec 23).

Cerence Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
CRNC	Cerence	$2.97	$26.46	790.91%	Hold
EB	Eventbrite	$3.53	$15.50	339.09%	Hold
AYX	Alteryx	$48.26	$80.86	67.55%	Buy
PD	PagerDuty	$18.69	$30.13	61.21%	Buy
DV	DoubleVerify	$19.28	$30.64	58.92%	Buy
BRZE	Braze	$36.20	$55.77	54.06%	Buy
AMSWA	American Software	$10.95	$15.50	41.55%	Buy
PYCR	Paycor HCM	$16.16	$22.00	36.14%	Hold
ALRM	Alarm.com	$59.76	$74.40	24.50%	Buy
APPF	AppFolio	$228.55	$278.00	21.64%	Buy
ALKT	Alkami	$37.81	$45.67	20.79%	Buy
DT	Dynatrace	$51.58	$61.46	19.15%	Buy
PCTY	Paylocity	$194.78	$218.64	12.25%	Buy
BSY	Bentley Systems	$46.76	$52.33	11.91%	Buy
ENV	Envestnet	$63.09	$67.86	7.56%	Hold
GTLB	GitLab	$60.91	$63.63	4.47%	Buy
WK	Workiva	$90.17	$93.75	3.97%	Buy
SMAR	Smartsheet	$55.89	$56.59	1.25%	Hold
NCNO	nCino	$40.05	$39.00	-2.62%	Buy
BLKB	Blackbaud	$83.50	$74.33	-10.98%	Buy

CRNC Forecast FAQ

Is Cerence a good buy?

No, according to 12 Wall Street analysts, Cerence (CRNC) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 3 'Buy' recommendations, accounting for 25.00% of CRNC's total ratings.

What is CRNC's price target?

Cerence (CRNC) average price target is $26.46 with a range of $3.3 to $76, implying a 790.91% from its last price of $2.97. The data is based on 12 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Cerence stock go up soon?

According to Wall Street analysts' prediction for CRNC stock, the company can go up by 790.91% (from the last price of $2.97 to the average price target of $26.46), up by 2458.92% based on the highest stock price target, and up by 11.11% based on the lowest stock price target.

Can Cerence stock reach $4?

CRNC's average twelve months analyst stock price target of $26.46 supports the claim that Cerence can reach $4 in the near future.

What are Cerence's analysts' financial forecasts?

Cerence's analysts financial forecasts for the fiscal year (Sep 2025) are as follows: average revenue is $231.29M (high $231.29M, low $231.29M), average EBITDA is $-2.308M (high $-2.308M, low $-2.308M), average net income is $39.83K (high $39.83K, low $39.83K), average SG&A $56.31M (high $56.31M, low $56.31M), and average EPS is $0.000953 (high $0.000953, low $0.000953). CRNC's analysts financial forecasts for the fiscal year (Sep 2026) are as follows: average revenue is $256.93M (high $256.93M, low $256.93M), average EBITDA is $-2.564M (high $-2.564M, low $-2.564M), average net income is $10.33M (high $10.33M, low $10.33M), average SG&A $62.55M (high $62.55M, low $62.55M), and average EPS is $0.247 (high $0.247, low $0.247).

Did the CRNC's actual financial results beat the analysts' financial forecasts?

Based on Cerence's last annual report (Sep 2023), the company's revenue was $294.48M, beating the average analysts forecast of $277.64M by 6.06%. Apple's EBITDA was $-27.199M, missing the average prediction of $35.58M by -176.44%. The company's net income was $-56.254M, missing the average estimation of $17.97M by -413.03%. Apple's SG&A was $85.41M, beating the average forecast of $71M by 20.29%. Lastly, the company's EPS was $-1.4, beating the average prediction of $-0.0371 by 3670.03%. In terms of the last quarterly report (Dec 2023), Cerence's revenue was $138.34M, beating the average analysts' forecast of $131.13M by 5.50%. The company's EBITDA was $58.58M, missing the average prediction of $-1.308M by -4577.22%. Cerence's net income was $23.86M, missing the average estimation of $38.25M by -37.62%. The company's SG&A was $18.86M, missing the average forecast of $31.93M by -40.91%. Lastly, the company's EPS was $0.58, missing the average prediction of $0.915 by -36.62%