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Cerence (CRNC) Stock Forecast & Price Target

Cerence (CRNC) Analyst Ratings

Based on 13 analyst ratings
Buy
Strong Buy 23%
Buy 15%
Hold 62%
Sell 0%
Strong Sell 0%

Bulls say

Cerence Inc demonstrates a positive outlook primarily due to a significant increase in deferred revenue, which is expected to contribute to stronger future growth in this area. Additionally, professional services margins improved to 32.7%, exceeding previous estimates, while the company's revenue for the quarter was $50.9 million, surpassing both internal and market expectations despite year-over-year declines. The upward trajectory in earnings per share (EPS) is anticipated, with projections indicating more than double the year-over-year increase in FY27, driven by enhanced revenue from Connected Services and improved organizational focus on sales and AI deals.

Bears say

Cerence Inc. faces a negative outlook primarily due to declining gross margins in its Connected Services segment, projected to remain flat at approximately 47% through the first half of FY25, a significant decrease from earlier expectations. Additionally, revenue estimates have been revised downward for 2024, exacerbating concerns about potential decreases in the company's enterprise value-to-sales (EV/S) multiple, which may fall below historical averages. The overall risk of a global recession and a possible decline in automobile sales could further impact consumer behavior, leading to deferred purchases or a shift towards lower-end vehicles lacking advanced AI features, thereby diminishing potential revenue streams.

Cerence (CRNC) has been analyzed by 13 analysts, with a consensus rating of Buy. 23% of analysts recommend a Strong Buy, 15% recommend Buy, 62% suggest Holding, 0% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of Cerence and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About Cerence (CRNC) Forecast

Analysts have given Cerence (CRNC) a Buy based on their latest research and market trends.

According to 13 analysts, Cerence (CRNC) has a Buy consensus rating as of Jul 12, 2025. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $28.38, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $28.38, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

Cerence (CRNC)


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