NASDAQ:CRNC - Cerence Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $68.78
  • Forecasted Upside: -24.89 %
  • Number of Analysts: 9
  • Breakdown:
  • 0 Sell Ratings
  • 1 Hold Ratings
  • 8 Buy Ratings
  • 0 Strong Buy Ratings
$91.57
▲ +0.82 (0.90%)
1 month | 3 months | 12 months
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Analyst Price Target for CRNC

i We calculate consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). Our consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. Our consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
$68.78
▼ -24.89% Downside Potential
This price target is based on 9 analysts offering 12 month price targets for Cerence in the last 3 months. The average price target is $68.78, with a high forecast of $95.00 and a low forecast of $24.00. The average price target represents a -24.89% upside from the last price of $91.57.
Buy
The current consensus among 9 investment analysts is to buy stock in Cerence.

Past Monthly Recommendations

Move your mouse over past months for details

  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
6/10/2019
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
9/8/2019
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
12/7/2019
  • 0 strong buy ratings
  • 5 buy ratings
  • 0 hold ratings
  • 0 sell ratings
3/6/2020
  • 0 strong buy ratings
  • 6 buy ratings
  • 0 hold ratings
  • 0 sell ratings
6/4/2020
  • 0 strong buy ratings
  • 7 buy ratings
  • 1 hold ratings
  • 0 sell ratings
9/2/2020
  • 0 strong buy ratings
  • 8 buy ratings
  • 1 hold ratings
  • 0 sell ratings
11/1/2020
  • 0 strong buy ratings
  • 8 buy ratings
  • 1 hold ratings
  • 0 sell ratings
12/1/2020

Latest Recommendations

  • 0 strong buy ratings
  • 8 buy ratings
  • 1 hold ratings
  • 0 sell ratings

DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
11/18/2020The Goldman Sachs GroupUpgradeSell ➝ Buy$82.00N/A
i
11/17/2020Craig HallumBoost Price Target$61.00 ➝ $90.00N/A
i
11/17/2020WedbushBoost Price TargetOutperform$75.00 ➝ $90.00N/A
i
11/17/2020Needham & Company LLCBoost Price TargetBuy$82.00 ➝ $95.00N/A
i
11/17/2020Royal Bank of CanadaDowngradeOutperform ➝ Sector Perform$55.00 ➝ $72.00N/A
i
Rating by Joseph Spak at Royal Bank of Canada
11/17/2020Raymond JamesBoost Price TargetOutperform$56.00 ➝ $80.00N/A
i
10/23/2020WedbushBoost Price TargetOutperform$60.00 ➝ $75.00N/A
i
10/16/2020Needham & Company LLCInitiated CoverageBuy$82.00 ➝ $82.00N/A
i
8/5/2020Craig HallumBoost Price TargetBuy$27.00 ➝ $61.00N/A
i
8/5/2020Raymond JamesBoost Price TargetOutperform$40.00 ➝ $56.00N/A
i
6/30/2020Royal Bank of CanadaInitiated CoverageOutperform$50.00N/A
i
Rating by Joseph Spak at Royal Bank of Canada
6/29/2020The Goldman Sachs GroupBoost Price Target$17.00 ➝ $26.00N/A
i
Rating by Christopher Merwin at The Goldman Sachs Group, Inc.
6/8/2020Jefferies Financial GroupInitiated CoverageBuy$47.00N/A
i
6/1/2020CowenBoost Price TargetOutperform$28.00 ➝ $39.00N/A
i
5/27/2020WedbushBoost Price TargetOutperform$27.00 ➝ $40.00N/A
i
Rating by Daniel Ives at Wedbush
5/26/2020Raymond JamesDowngradeStrong-Buy ➝ OutperformN/A
i
5/12/2020CowenInitiated CoverageOutperform$28.00N/A
i
2/14/2020Evercore ISIInitiated CoverageBuy$24.00N/A
i
Rating by Chris McNally at Evercore ISI
2/12/2020WedbushReiterated RatingBuy$27.00N/A
i
Rating by Daniel Ives at Wedbush
1/7/2020The Goldman Sachs GroupInitiated CoverageSell$17.00N/A
i
12/18/2019Craig HallumInitiated CoverageBuy$24.00N/A
i
12/18/2019WedbushReiterated RatingOutperformN/A
i
10/2/2019Evercore ISIInitiated CoverageOutperform$24.00N/A
i
10/1/2019Raymond JamesInitiated CoverageStrong-BuyN/A
i
9/27/2019WedbushInitiated CoverageOutperform$23.00N/A
i
(Data available from 12/1/2015 forward)
Cerence logo
Cerence Inc. provides AI-powered assistants and innovations for connected and autonomous vehicles It offers edge software components; cloud-connected components; toolkits; applications; and virtual assistant coexistence and professional services. The company also provides conversational artificial intelligence, including voice recognition, natural language understanding, and artificial intelligence services. Cerence Inc. is headquartered in Burlington, Massachusetts.
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Today's Range

Now: $91.57
$88.03
$94.00

50 Day Range

MA: $66.55
$53.28
$90.60

52 Week Range

Now: $91.57
$11.39
$94.61

Volume

11,807 shs

Average Volume

813,904 shs

Market Capitalization

$3.43 billion

P/E Ratio

N/A

Dividend Yield

N/A

Beta

N/A