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

Analyst price target for CRNC

Based on 7 analysts offering 12 month price targets for Cerence Inc.
Min Forecast
$3.00+0%
Avg Forecast
$8.64+188.1%
Max Forecast
$23.00+666.67%

Should I buy or sell CRNC stock?

Based on 7 analysts offering ratings for Cerence Inc.
Hold
Strong Buy
0 analysts 0%
Buy
1 analysts 14.29%
Hold
6 analysts 85.71%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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CRNC stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-07-15
lockedlocked$00.00+00.00%2024-07-12
lockedlocked$00.00+00.00%2024-07-10
lockedlocked$00.00+00.00%2024-05-10
lockedlocked$00.00+00.00%2024-05-10
Wells Fargo
Bottom 1%
1
HoldDowngrades$6.50+116.67%2024-05-10
Needham
Top 1%
100
BuyReiterates$23.00+666.67%2024-03-15

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Forecast return on equity

Is CRNC forecast to generate an efficient return?
Company
-7.98%
Industry
17%
Market
34.49%
CRNC's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is CRNC forecast to generate an efficient return on assets?
Company
-3.75%
Industry
9.48%
CRNC is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

CRNC earnings per share forecast

What is CRNC's earnings per share in the next 2 years based on estimates from 2 analysts?
Avg 1 year Forecast
$0.10
Avg 2 year Forecast
-$0.89

CRNC revenue forecast

What is CRNC's revenue in the next 2 years based on estimates from 1 analyst?
Avg 1 year Forecast
$325.9M-6.52%
Avg 2 year Forecast
$243.3M-30.21%
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
-6.52%
Industry
9.15%
Market
14.61%
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$3.00$8.64+188.10%Hold
RDZN$1.82$10.00+449.45%Strong Buy
RTC$6.32N/AN/A
RYDE$7.00$9.00+28.57%Strong Buy
BCOV$2.51$4.00+59.36%Buy

Cerence Stock Forecast FAQ

Is Cerence Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 7 Wall Street analysts covering (NASDAQ: CRNC) stock is to Hold CRNC stock.

Out of 7 analysts, 0 (0%) are recommending CRNC as a Strong Buy, 1 (14.29%) are recommending CRNC as a Buy, 6 (85.71%) 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 earnings growth forecast for 2024-2025?

(NASDAQ: CRNC) Cerence's forecast annual earnings growth rate of N/A is not forecast to beat the US Software - Application industry's average forecast earnings growth rate of 15.79%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 35.28%.

Cerence's earnings in 2024 is -$282,126,000.On average, 2 Wall Street analysts forecast CRNC's earnings for 2024 to be $3,968,838, with the lowest CRNC earnings forecast at $3,759,952, and the highest CRNC earnings forecast at $4,177,724.

In 2025, CRNC is forecast to generate -$36,972,859 in earnings, with the lowest earnings forecast at -$38,435,063 and the highest earnings forecast at -$35,510,656.

What is CRNC's revenue growth forecast for 2024-2025?

(NASDAQ: CRNC) Cerence's forecast annual revenue growth rate of -6.52% is not forecast to beat the US Software - Application industry's average forecast revenue growth rate of 9.15%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 14.61%.

Cerence's revenue in 2024 is $348,584,000.On average, 1 Wall Street analysts forecast CRNC's revenue for 2024 to be $13,613,949,851, with the lowest CRNC revenue forecast at $13,613,949,851, and the highest CRNC revenue forecast at $13,613,949,851.

In 2025, CRNC is forecast to generate $10,162,731,889 in revenue, with the lowest revenue forecast at $10,162,731,889 and the highest revenue forecast at $10,162,731,889.

What is CRNC's forecast return on assets (ROA) for 2024-2025?

(NASDAQ: CRNC) forecast ROA is -3.75%, which is lower than the forecast US Software - Application industry average of 9.48%.

What is CRNC's Price Target?

According to 7 Wall Street analysts that have issued a 1 year CRNC price target, the average CRNC price target is $8.64, with the highest CRNC stock price forecast at $23.00 and the lowest CRNC stock price forecast at $3.00.

On average, Wall Street analysts predict that Cerence's share price could reach $8.64 by Jul 15, 2025. The average Cerence stock price prediction forecasts a potential upside of 188.1% from the current CRNC share price of $3.00.

What is CRNC's Earnings Per Share (EPS) forecast for 2024-2025?

(NASDAQ: CRNC) Cerence's current Earnings Per Share (EPS) is -$6.78. On average, analysts forecast that CRNC's EPS will be $0.10 for 2024, with the lowest EPS forecast at $0.09, and the highest EPS forecast at $0.10. In 2025, CRNC's EPS is forecast to hit -$0.89 (min: -$0.92, max: -$0.85).

What is CRNC's forecast return on equity (ROE) for 2024-2025?

(NASDAQ: CRNC) forecast ROE is -7.98%, which is considered weak.
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