Cerence Stock (NASDAQ:CRNC), Analyst Ratings, Price Targets, Predictions

The latest price target for Cerence (NASDAQ: CRNC) was reported by Needham on May 7, 2024. The analyst firm set a price target for $0.00 expecting CRNC to fall to within 12 months (a possible -100.00% downside). 12 analyst firms have reported ratings in the last year.

The latest analyst rating for Cerence (NASDAQ: CRNC) was provided by Needham, and Cerence downgraded their hold rating.

The last upgrade for Cerence Inc happened on February 9, 2023 when Craig-Hallum raised their price target to $40. Craig-Hallum previously had a hold for Cerence Inc.

The last downgrade for Cerence Inc happened on May 7, 2024 when Needham changed their price target from N/A to N/A for Cerence Inc.

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Cerence, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Cerence was filed on May 7, 2024 so you should expect the next rating to be made available sometime around May 7, 2025.

While ratings are subjective and will change, the latest Cerence (CRNC) rating was a downgraded with a price target of $0.00 to $0.00. The current price Cerence (CRNC) is trading at is $9.42, which is out of the analyst’s predicted range.