Cerence (CRNC) Stock Forecast, Price Target & Predictions
CRNC Stock Forecast
Cerence stock forecast is as follows: an average price target of $3.30 (represents a -59.51% downside from CRNC’s last price of $8.15) and a rating consensus of 'Hold', based on 13 wall street analysts offering a 1-year stock forecast.
CRNC Price Target
The average price target for Cerence (CRNC) is $3.30 based on 1-year price targets from 13 Wall Street analysts in the past 3 months, with a price target range of $3.30 to $3.30. This represents a potential -59.51% downside from CRNC's last price of $8.15.
CRNC Analyst Ratings
According to 13 Wall Street analysts, Cerence's rating consensus is 'Hold'. The analyst rating breakdown for CRNC stock is 0 'Strong Buy' (0.00%), 2 'Buy' (15.38%), 9 'Hold' (69.23%), 2 'Sell' (15.38%), 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% | -59.51% |
| May 09, 2024 | Chris McNally | Evercore ISI | $8.00 | $6.74 | 18.72% | -1.84% |
| Apr 17, 2024 | Luke Junk | Robert W. Baird | $15.00 | $11.26 | 33.27% | 84.05% |
| Aug 10, 2022 | Needham | $30.00 | $23.34 | 28.53% | 268.10% | |
| Feb 07, 2022 | Brian Gesuale | Raymond James | $76.00 | $43.61 | 74.27% | 832.52% |
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 -59.51% decrease from CRNC last price ($8.15).
Cerence Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 3 |
| Avg Price Target | - | - | $8.77 |
| Last Closing Price | $8.15 | $8.15 | $8.15 |
| Upside/Downside | -100.00% | -100.00% | 7.61% |
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 $8.15. 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 |
|---|---|---|---|---|
| Nov 22, 2024 | Craig-Hallum | Hold | Hold | Hold |
| Nov 22, 2024 | UBS | Hold | Hold | Hold |
| 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 | Telsey Advisory | Underperform | Downgrade | |
| Feb 09, 2023 | Craig-Hallum | Buy | Upgrade | |
| Feb 09, 2023 | Maxim Group | Buy | Upgrade | |
| Feb 09, 2023 | Roth Capital | Sell | Downgrade | |
| Feb 09, 2023 | Stephens | Equal-Weight | Downgrade | |
| Feb 09, 2023 | Keefe, Bruyette & Woods | Underperform | Downgrade | |
| Feb 09, 2023 | Jefferies | Hold | Downgrade | |
| Feb 09, 2023 | RBC Capital | Sector Perform | Downgrade | |
| Feb 09, 2023 | Wolfe Research | Peer Perform | Downgrade | |
| Feb 09, 2023 | Loop Capital Markets | Neutral | Neutral | Hold |
| Aug 10, 2022 | Needham | Buy | Buy | Hold |
| Jul 11, 2022 | Wells Fargo | Overweight | Overweight | Hold |
| May 11, 2022 | Needham | Buy | Buy | Hold |
| Feb 22, 2022 | Goldman Sachs | Neutral | Downgrade |
Cerence's last stock rating was published by Craig-Hallum on Nov 22, 2024. The company gave CRNC a "Hold" 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 | $69.94M | $65.42M | $64.15M | $58.65M | $67.43M | $64.17M | $61.86M | $49.08M | $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 | $71.77M | $67.13M | $65.83M | $60.19M | $69.19M | $65.85M | $63.48M | $50.36M | $48.03M | $68.40M | $62.15M | $131.73M | $77.54M | $62.32M | $67.64M | $78.62M | $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 | $67.99M | $63.59M | $62.36M | $57.01M | $65.54M | $62.37M | $60.13M | $47.70M | $47.40M | $68.40M | $62.15M | $130.54M | $66.79M | $59.03M | $64.07M | $74.47M | $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 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 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 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 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 | $-16.51M | $-15.45M | $-15.15M | $-13.85M | $-15.92M | $-15.15M | $-14.61M | $-11.59M | $-11.27M | $-16.15M | $15.81M | $-30.96M | $-17.56M | $-14.34M | $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 | $-16.05M | $-15.01M | $-14.72M | $-13.46M | $-15.47M | $-14.73M | $-14.20M | $-11.26M | $-11.19M | $-16.15M | $18.97M | $-30.82M | $-15.77M | $-13.94M | $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 | $-16.95M | $-15.85M | $-15.54M | $-14.21M | $-16.34M | $-15.55M | $-14.99M | $-11.89M | $-11.34M | $-16.15M | $12.65M | $-31.10M | $-18.31M | $-14.71M | $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 % | - | - | - | - | - | - | - | - | - | - | - | -1.89% | -0.22% | 0.59% | -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 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 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 | $6.25M | $5.08M | $4.22M | $2.04M | $6.53M | $4.47M | $1.88M | $-10.82M | $-15.25M | $1.25M | $-592.90K | $38.31M | $6.12M | $-6.19M | $-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 | $6.46M | $5.25M | $4.37M | $2.11M | $6.75M | $4.62M | $1.95M | $-9.73M | $-14.70M | $1.26M | $-474.32K | $39.62M | $7.35M | $-5.96M | $-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 | $6.02M | $4.90M | $4.07M | $1.97M | $6.29M | $4.30M | $1.82M | $-11.54M | $-15.77M | $1.25M | $-711.48K | $37.89M | $4.90M | $-6.40M | $-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 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 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 | $17.30M | $16.18M | $15.87M | $14.51M | $16.68M | $15.87M | $15.30M | $12.14M | $11.80M | $16.92M | $27.54M | $32.44M | $18.40M | $15.02M | $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 | $17.76M | $16.61M | $16.29M | $14.89M | $17.12M | $16.29M | $15.70M | $12.46M | $11.88M | $16.92M | $33.05M | $32.59M | $19.18M | $15.42M | $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 | $16.82M | $15.73M | $15.43M | $14.10M | $16.21M | $15.43M | $14.88M | $11.80M | $11.73M | $16.92M | $22.03M | $32.29M | $16.52M | $14.60M | $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 % | - | - | - | - | - | - | - | - | - | - | - | 0.58% | 0.94% | 1.15% | 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 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 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 | $0.15 | $0.12 | $0.10 | $0.05 | $0.16 | $0.11 | $0.04 | $-0.26 | $-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 | $0.15 | $0.13 | $0.10 | $0.05 | $0.16 | $0.11 | $0.05 | $-0.23 | $-0.35 | $0.03 | $-0.22 | $0.95 | $0.18 | $-0.14 | $-0.12 | $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 | $0.14 | $0.12 | $0.10 | $0.05 | $0.15 | $0.10 | $0.04 | $-0.28 | $-0.38 | $0.03 | $-0.23 | $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 $-0.23 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 |
|---|---|---|---|---|---|
| DV | DoubleVerify | $19.76 | $25.44 | 28.74% | Buy |
| PD | PagerDuty | $18.43 | $22.67 | 23.01% | Buy |
| EB | Eventbrite | $3.55 | $4.25 | 19.72% | Hold |
| APPF | AppFolio | $252.67 | $300.00 | 18.73% | Buy |
| NCNO | nCino | $35.27 | $41.50 | 17.66% | Buy |
| BRZE | Braze | $43.60 | $51.29 | 17.64% | Buy |
| BSY | Bentley Systems | $48.01 | $55.50 | 15.60% | Buy |
| ALKT | Alkami | $39.63 | $45.67 | 15.24% | Buy |
| BLKB | Blackbaud | $76.12 | $87.50 | 14.95% | Buy |
| DT | Dynatrace | $55.07 | $59.50 | 8.04% | Buy |
| ALRM | Alarm.com | $62.30 | $66.00 | 5.94% | Buy |
| GTLB | GitLab | $60.45 | $64.00 | 5.87% | Buy |
| SMAR | Smartsheet | $56.00 | $56.64 | 1.14% | Hold |
| WK | Workiva | $113.18 | $112.00 | -1.04% | Buy |
| PCTY | Paylocity | $201.19 | $197.63 | -1.77% | Buy |
| PYCR | Paycor HCM | $19.18 | $18.25 | -4.85% | Hold |
| CRNC | Cerence | $8.15 | $3.30 | -59.51% | Hold |