The latest price target for Cerence (NASDAQ:CRNC) was reported by Needham on January 22, 2025. The analyst firm set a price target for $16.00 expecting CRNC to rise to within 12 months (a possible 28.65% upside). 21 analyst firms have reported ratings in the last year.

The latest analyst rating for Cerence (NASDAQ:CRNC) was provided by Needham, and Cerence upgraded their buy rating.

The last upgrade for Cerence Inc happened on January 22, 2025 when Needham raised their price target to $16. Needham previously had a hold for Cerence Inc.

The last downgrade for Cerence Inc happened on May 10, 2024 when Wells Fargo changed their price target from $25 to $6.5 for Cerence Inc.

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Cerence, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Cerence was filed on January 22, 2025 so you should expect the next rating to be made available sometime around January 22, 2026.

While ratings are subjective and will change, the latest Cerence (CRNC) rating was a upgraded with a price target of $0.00 to $16.00. The current price Cerence (CRNC) is trading at is $12.44, which is within the analyst’s predicted range.