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

OverviewForecast
EarningsDividendOwnership

Analyst price target for CRNC

Based on 8 analysts offering 12 month price targets for Cerence Inc.
Min Forecast
$17.00-34.08%
Avg Forecast
$30.75+19.23%
Max Forecast
$42.00+62.85%

Should I buy or sell CRNC stock?

Based on 9 analysts offering ratings for Cerence Inc.
Buy
Strong Buy
1 analysts 11.11%
Buy
2 analysts 22.22%
Hold
6 analysts 66.67%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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CRNC stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Needham
Top 2%
99
BuyReiterates$42.00+62.85%2023-03-03
Wedbush
Bottom 3%
3
HoldMaintains$32.00+24.08%2023-02-10
Goldman Sachs
Top 6%
95
HoldMaintains$31.00+20.20%2023-02-09
Craig-Hallum
Top 6%
95
BuyUpgrades$40.00+55.10%2023-02-09
Baird
Top 23%
78
HoldMaintains$30.00+16.32%2023-02-09
Wells Fargo
Bottom 5%
5
Strong BuyMaintains$32.00+24.08%2023-02-09
Goldman Sachs
Bottom 10%
10
HoldMaintains$17.00-34.08%2022-10-11
RBC Capital
Bottom 1%
1
HoldMaintains$22.00-14.70%2022-08-10
Raymond James
Bottom 22%
22
HoldDowngradesN/AN/A2022-08-10
Anonymous
Goldman Sachs
HoldMaintains$34.00+31.83%2022-05-12

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Forecast return on equity

Is CRNC forecast to generate an efficient return?
Company
N/A
Industry
6.88%
Market
51.6%

Forecast return on assets

Is CRNC forecast to generate an efficient return on assets?
Company
N/A
Industry
3.45%

CRNC earnings per share forecast

What is CRNC's earnings per share in the next 1 years based on estimates from 4 analysts?
Avg 1 year Forecast
$0.16

CRNC revenue forecast

What is CRNC's revenue in the next 2 years based on estimates from 3 analysts?
Avg 1 year Forecast
$327.3M+3.22%
Avg 2 year Forecast
$362.3M+14.24%
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
3.22%
Industry
16.43%
Market
25.6%
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$25.79$30.75+19.23%Buy
APPS$11.06$17.80+60.94%Buy
ALKT$12.08$18.20+50.66%Strong Buy
RSKD$5.26$7.00+33.08%Strong Buy
SPNS$21.41$23.80+11.16%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 9 Wall Street analysts covering (NASDAQ: CRNC) stock is to Buy CRNC stock.

Out of 9 analysts, 1 (11.11%) are recommending CRNC as a Strong Buy, 2 (22.22%) are recommending CRNC as a Buy, 6 (66.67%) 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 2023-2023?

(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 217.39%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 78.08%.

Cerence's earnings in 2023 is -$332,028,000.

In 2023, CRNC is forecast to generate $6,436,236 in earnings, with the lowest earnings forecast at -$4,827,177 and the highest earnings forecast at $16,492,854.

What is CRNC's revenue growth forecast for 2023-2024?

(NASDAQ: CRNC) Cerence's forecast annual revenue growth rate of 3.22% is not forecast to beat the US Software - Application industry's average forecast revenue growth rate of 16.43%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 25.6%.

Cerence's revenue in 2023 is $317,123,000.On average, 3 Wall Street analysts forecast CRNC's revenue for 2023 to be $13,166,889,243, with the lowest CRNC revenue forecast at $11,822,560,709, and the highest CRNC revenue forecast at $14,686,685,657.

In 2024, CRNC is forecast to generate $14,573,448,133 in revenue, with the lowest revenue forecast at $14,573,448,133 and the highest revenue forecast at $14,573,448,133.

What is CRNC's forecast return on assets (ROA) for 2023-2024?

(NASDAQ: CRNC) forecast ROA is N/A, which is lower than the forecast US Software - Application industry average of 3.45%.

What is CRNC's Price Target?

According to 8 Wall Street analysts that have issued a 1 year CRNC price target, the average CRNC price target is $30.75, with the highest CRNC stock price forecast at $42.00 and the lowest CRNC stock price forecast at $17.00.

On average, Wall Street analysts predict that Cerence's share price could reach $30.75 by Mar 3, 2024. The average Cerence stock price prediction forecasts a potential upside of 19.23% from the current CRNC share price of $25.79.

What is CRNC's Earnings Per Share (EPS) forecast for 2023-2023?

(NASDAQ: CRNC) Cerence's current Earnings Per Share (EPS) is -$8.46. In 2023, CRNC's EPS is forecast to hit $0.16 (min: -$0.12, max: $0.41).

What is CRNC's forecast return on equity (ROE) for 2023-2024?

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