NASDAQ:CRNC - Cerence Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $125.82
  • Forecasted Upside: 37.31 %
  • Number of Analysts: 11
  • Breakdown:
  • 0 Sell Ratings
  • 2 Hold Ratings
  • 9 Buy Ratings
  • 0 Strong Buy Ratings
$91.63
▼ -0.05 (-0.05%)

This chart shows the closing price for CRNC by one month, three months, or twelve months.

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Analyst Price Target for CRNC

Analyst Price Target is $125.82
▲ +37.31% Upside Potential
This price target is based on 11 analysts offering 12 month price targets for Cerence in the last 3 months. The average price target is $125.82, with a high forecast of $165.00 and a low forecast of $82.00. The average price target represents a 37.31% upside from the last price of $91.63.

This chart shows the closing price for CRNC for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Buy

The current consensus among 11 contributing investment analysts is to buy stock in Cerence. This Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 4 buy ratings
  • 1 hold ratings
  • 0 sell ratings
4/25/2020
  • 0 strong buy ratings
  • 7 buy ratings
  • 1 hold ratings
  • 0 sell ratings
7/24/2020
  • 0 strong buy ratings
  • 8 buy ratings
  • 1 hold ratings
  • 0 sell ratings
10/22/2020
  • 0 strong buy ratings
  • 9 buy ratings
  • 1 hold ratings
  • 0 sell ratings
1/20/2021
  • 0 strong buy ratings
  • 8 buy ratings
  • 2 hold ratings
  • 0 sell ratings
4/20/2021
  • 0 strong buy ratings
  • 8 buy ratings
  • 2 hold ratings
  • 0 sell ratings
7/19/2021
  • 0 strong buy ratings
  • 9 buy ratings
  • 2 hold ratings
  • 0 sell ratings
9/17/2021
  • 0 strong buy ratings
  • 9 buy ratings
  • 2 hold ratings
  • 0 sell ratings
10/17/2021

Latest Recommendations

  • 0 strong buy ratings
  • 9 buy ratings
  • 2 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
10/6/2021Royal Bank of CanadaUpgradeSector Perform ➝ Outperform$112.00 ➝ $110.00N/A
10/5/2021Wells Fargo & CompanyLower Price TargetEqual Weight$113.00 ➝ $95.00N/A
9/15/2021Jefferies Financial GroupInitiated CoverageBuy$140.00N/A
9/10/2021Wells Fargo & CompanyLower Price TargetEqual Weight$115.00 ➝ $113.00N/A
8/16/2021Evercore ISIBoost Price TargetPositive ➝ Outperform$125.00 ➝ $150.00N/A
8/10/2021WedbushReiterated RatingOutperformN/A
8/10/2021Robert W. BairdBoost Price TargetOutperform$122.00 ➝ $135.00N/A
8/10/2021Wells Fargo & CompanyBoost Price TargetEqual Weight ➝ Equal Weight$108.00 ➝ $115.00N/A
8/10/2021Craig HallumBoost Price TargetBuy$135.00 ➝ $145.00N/A
8/10/2021Needham & Company LLCBoost Price TargetBuy$155.00 ➝ $165.00N/A
8/10/2021Royal Bank of CanadaBoost Price TargetSector Perform$105.00 ➝ $114.00N/A
7/7/2021Raymond JamesDowngradeOutperform ➝ Market Perform$115.00N/A
6/3/2021Robert W. BairdInitiated CoverageOutperform$122.00N/A
5/24/2021Evercore ISIUpgradeIn-Line ➝ Outperform$125.00N/A
5/18/2021Evercore ISIUpgradeIn-Line ➝ Outperform$125.00N/A
5/17/2021WedbushLower Price TargetOutperform$150.00 ➝ $130.00N/A
5/11/2021WedbushLower Price TargetOutperform$150.00 ➝ $130.00N/A
3/31/2021Wells Fargo & CompanyInitiated CoverageEqual Weight$100.00N/A
3/25/2021Wells Fargo & CompanyInitiated CoverageEqual Weight$100.00N/A
3/17/2021Berenberg BankUpgradeHold ➝ Buy$117.00N/A
3/11/2021Berenberg BankUpgradeHold ➝ Buy$117.00N/A
2/25/2021Needham & Company LLCBoost Price TargetBuy$125.00 ➝ $155.00N/A
2/19/2021Needham & Company LLCBoost Price TargetBuy$125.00 ➝ $155.00N/A
2/10/2021Raymond JamesBoost Price TargetOutperform$80.00 ➝ $130.00N/A
2/9/2021Craig HallumBoost Price TargetBuy$90.00 ➝ $135.00N/A
2/9/2021Needham & Company LLCBoost Price TargetBuy$120.00 ➝ $125.00N/A
2/9/2021WedbushBoost Price TargetOutperform$120.00 ➝ $150.00N/A
2/9/2021Royal Bank of CanadaBoost Price TargetSector Perform$88.00 ➝ $105.00N/A
1/15/2021Needham & Company LLCBoost Price TargetBuy$95.00 ➝ $120.00N/A
12/23/2020WedbushBoost Price TargetOutperform$90.00 ➝ $120.00N/A
12/10/2020Berenberg BankInitiated CoverageHold$93.00N/A
11/18/2020The Goldman Sachs GroupUpgradeSell ➝ Buy$82.00N/A
11/17/2020Craig HallumBoost Price Target$61.00 ➝ $90.00N/A
11/17/2020WedbushBoost Price TargetOutperform$75.00 ➝ $90.00N/A
11/17/2020Needham & Company LLCBoost Price TargetBuy$82.00 ➝ $95.00N/A
11/17/2020Royal Bank of CanadaDowngradeOutperform ➝ Sector Perform$55.00 ➝ $72.00N/A
11/17/2020Raymond JamesBoost Price TargetOutperform$56.00 ➝ $80.00N/A
10/23/2020WedbushBoost Price TargetOutperform$60.00 ➝ $75.00N/A
10/16/2020Needham & Company LLCInitiated CoverageBuy$82.00 ➝ $82.00N/A
8/5/2020Craig HallumBoost Price TargetBuy$27.00 ➝ $61.00N/A
8/5/2020Raymond JamesBoost Price TargetOutperform$40.00 ➝ $56.00N/A
6/30/2020Royal Bank of CanadaInitiated CoverageOutperform$50.00N/A
6/29/2020The Goldman Sachs GroupBoost Price Target$17.00 ➝ $26.00N/A
6/8/2020Jefferies Financial GroupInitiated CoverageBuy$47.00N/A
6/1/2020CowenBoost Price TargetOutperform$28.00 ➝ $39.00N/A
5/27/2020WedbushBoost Price TargetOutperform$27.00 ➝ $40.00N/A
5/26/2020Raymond JamesDowngradeStrong-Buy ➝ OutperformN/A
5/12/2020CowenInitiated CoverageOutperform$28.00N/A
2/14/2020Evercore ISIInitiated CoverageBuy$24.00N/A
2/12/2020WedbushReiterated RatingBuy$27.00N/A
1/7/2020The Goldman Sachs GroupInitiated CoverageSell$17.00N/A
12/18/2019Craig HallumInitiated CoverageBuy$24.00N/A
12/18/2019WedbushReiterated RatingOutperformN/A
10/2/2019Evercore ISIInitiated CoverageOutperform$24.00N/A
10/1/2019Raymond JamesInitiated CoverageStrong-BuyN/A
9/27/2019WedbushInitiated CoverageOutperform$23.00N/A
(Data available from 10/18/2016 forward)

News Sentiment Rating

0.57 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 0 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
3/22/2021
  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
4/21/2021
  • 0 very positive mentions
  • 9 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
5/21/2021
  • 0 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
6/20/2021
  • 4 very positive mentions
  • 14 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
7/20/2021
  • 4 very positive mentions
  • 24 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
8/19/2021
  • 3 very positive mentions
  • 16 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
9/18/2021
  • 5 very positive mentions
  • 12 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
10/18/2021

Current Sentiment

  • 5 very positive mentions
  • 12 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
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: $91.63
Low: $90.74
High: $92.00

50 Day Range

MA: $103.97
Low: $85.18
High: $119.94

52 Week Range

Now: $91.63
Low: $54.01
High: $139.00

Volume

400 shs

Average Volume

543,349 shs

Market Capitalization

$3.48 billion

P/E Ratio

80.38

Dividend Yield

N/A

Beta

2.61

Frequently Asked Questions

What sell-side analysts currently cover shares of Cerence?

The following equities research analysts have issued research reports on Cerence in the last twelve months: Berenberg Bank, Craig Hallum, Evercore ISI, Jefferies Financial Group Inc., Needham & Company LLC, Raymond James, Robert W. Baird, Royal Bank of Canada, The Goldman Sachs Group, Inc., Wedbush, Wells Fargo & Company, and Zacks Investment Research.
View the latest analyst ratings for CRNC.

What is the current price target for Cerence?

11 Wall Street analysts have set twelve-month price targets for Cerence in the last year. Their average twelve-month price target is $125.82, suggesting a possible upside of 37.2%. Needham & Company LLC has the highest price target set, predicting CRNC will reach $165.00 in the next twelve months. The Goldman Sachs Group, Inc. has the lowest price target set, forecasting a price of $82.00 for Cerence in the next year.
View the latest price targets for CRNC.

What is the current consensus analyst rating for Cerence?

Cerence currently has 2 hold ratings and 9 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe CRNC will outperform the market and that investors should add to their positions of Cerence.
View the latest ratings for CRNC.

What other companies compete with Cerence?

How do I contact Cerence's investor relations team?

Cerence's physical mailing address is 15 WAYSIDE ROAD, BURLINGTON MA, 01803. The company's listed phone number is 857-362-7300 and its investor relations email address is [email protected] The official website for Cerence is www.cerence.com.