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NASDAQ: CRNC
Cerence Inc Stock Forecast, Predictions & Price Target

OverviewForecast
EarningsDividendOwnership

Analyst price target for CRNC

Based on 4 analysts offering 12 month price targets for Cerence Inc.
Min Forecast
$19.00+7.53%
Avg Forecast
$23.00+30.16%
Max Forecast
$25.00+41.48%

Should I buy or sell CRNC stock?

Based on 4 analysts offering ratings for Cerence Inc.
Buy
Strong Buy
1 analysts 25%
Buy
2 analysts 50%
Hold
1 analysts 25%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

Be the first to know when Wall Street analysts revise their CRNC stock forecasts and price targets.

CRNC stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2023-11-29
lockedlocked$00.00+00.00%2023-11-28
lockedlocked$00.00+00.00%2023-11-28
lockedlocked$00.00+00.00%2023-11-28
lockedlocked$00.00+00.00%2023-11-28

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Forecast return on equity

Is CRNC forecast to generate an efficient return?

Forecast return on assets

Is CRNC forecast to generate an efficient return on assets?

CRNC revenue forecast

What is CRNC's revenue in the next 1 years based on estimates from 2 analysts?
Avg 1 year Forecast
$362.2M+33.23%
CRNC's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

CRNC revenue growth forecast

How is CRNC forecast to perform vs Software - Application companies and vs the US market?
Company
33.23%
Industry
4.86%
Market
29.08%
CRNC's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
CRNC's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

CRNC vs App Stocks

TickerPricePrice TargetUp/downsideConsensus
CRNC$17.67$23.00+30.16%Buy
RSKD$4.02$5.60+39.30%Buy
BIGC$8.89$12.36+39.00%Buy
EB$6.69$12.25+83.11%Buy
SMRT$3.30$4.10+24.24%Buy
View Top App Stocks

Cerence Stock Forecast FAQ

Is Cerence Stock a good buy in 2023, according to Wall Street analysts?

The consensus among 4 Wall Street analysts covering (NASDAQ: CRNC) stock is to Buy CRNC stock.

Out of 4 analysts, 1 (25%) are recommending CRNC as a Strong Buy, 2 (50%) are recommending CRNC as a Buy, 1 (25%) are recommending CRNC as a Hold, 0 (0%) are recommending CRNC as a Sell, and 0 (0%) are recommending CRNC as a Strong Sell.

If you're new to stock investing, here's how to buy Cerence stock.

What is CRNC's revenue growth forecast for 2024-2024?

(NASDAQ: CRNC) Cerence's forecast annual revenue growth rate of 33.23% is forecast to beat the US Software - Application industry's average forecast revenue growth rate of 4.86%, and it is also forecast to beat the US market's average forecast revenue growth rate of 29.08%.

Cerence's revenue in 2023 is $271,855,000.

In 2024, CRNC is forecast to generate $14,608,700,252 in revenue, with the lowest revenue forecast at $14,088,401,431 and the highest revenue forecast at $15,128,999,074.

What is CRNC's forecast return on assets (ROA) for 2024-2024?

(NASDAQ: CRNC) forecast ROA is N/A, which is lower than the forecast US Software - Application industry average of 3.33%.

What is CRNC's Price Target?

According to 4 Wall Street analysts that have issued a 1 year CRNC price target, the average CRNC price target is $23.00, with the highest CRNC stock price forecast at $25.00 and the lowest CRNC stock price forecast at $19.00.

On average, Wall Street analysts predict that Cerence's share price could reach $23.00 by Nov 28, 2024. The average Cerence stock price prediction forecasts a potential upside of 30.16% from the current CRNC share price of $17.67.

What is CRNC's forecast return on equity (ROE) for 2024-2024?

(NASDAQ: CRNC) forecast ROE is N/A, which is considered weak.
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