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Cerence Analyst Ratings and Price Targets | NASDAQ:CRNC | Benzinga
Cerence Inc has a consensus price target of $13.48 based on the ratings of 12 analysts. The high is $42 issued by Needham on May 10, 2023. The low is $3.3 issued by Wells Fargo on August 9, 2024. The 3 most-recent analyst ratings were released by Goldman Sachs, Needham, and Evercore ISI Group on April 10, 2025, March 18, 2025, and February 18, 2025, respectively. With an average price target of $11 between Goldman Sachs, Needham, and Evercore ISI Group, there's an implied 44.74% upside for Cerence Inc from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
Goldman Sachs
Needham
Evercore ISI Group
Craig-Hallum
TD Cowen
1calculated from analyst ratings
Analyst Ratings for Cerence
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 04/10/2025 | Buy Now | 5.26% | Goldman Sachs | Mark Delaney74% | $14 → $8 | Maintains | Neutral | Get Alert |
| 03/18/2025 | Buy Now | 110.53% | Needham | Quinn Bolton77% | $16 → $16 | Reiterates | Buy → Buy | Get Alert |
| 02/18/2025 | Buy Now | 18.42% | Evercore ISI Group | Chris McNally27% | $6 → $9 | Maintains | In-Line | Get Alert |
| 02/07/2025 | Buy Now | 110.53% | Needham | Quinn Bolton77% | $16 → $16 | Reiterates | Buy → Buy | Get Alert |
| 01/22/2025 | Buy Now | 110.53% | Needham | Quinn Bolton77% | → $16 | Upgrade | Hold → Buy | Get Alert |
| 01/16/2025 | Buy Now | 84.21% | Goldman Sachs | Mark Delaney74% | $8 → $14 | Maintains | Neutral | Get Alert |
| 11/25/2024 | Buy Now | — | Needham | Quinn Bolton77% | — | Reiterates | → Hold | Get Alert |
| 11/22/2024 | Buy Now | -21.05% | Craig-Hallum | Jeff Van Rhee65% | $3.5 → $6 | Maintains | Hold | Get Alert |
| 08/09/2024 | Buy Now | 31.58% | TD Cowen | Jeff Osborne26% | $12 → $10 | Maintains | Buy | Get Alert |
| 08/09/2024 | Buy Now | -56.58% | Wells Fargo | Colin Langan50% | $6.5 → $3.3 | Maintains | Equal-Weight | Get Alert |
| 08/09/2024 | Buy Now | — | Needham | Quinn Bolton77% | — | Reiterates | → Hold | Get Alert |
| 07/15/2024 | Buy Now | -34.21% | Evercore ISI Group | Chris McNally27% | $8 → $5 | Maintains | In-Line | Get Alert |
| 07/12/2024 | Buy Now | -21.05% | Baird | Luke Junk43% | $8 → $6 | Maintains | Neutral | Get Alert |
| 07/10/2024 | Buy Now | -60.53% | Goldman Sachs | Mark Delaney74% | $6 → $3 | Maintains | Neutral | Get Alert |
| 05/13/2024 | Buy Now | -21.05% | Goldman Sachs | Mark Delaney74% | $19 → $6 | Maintains | Neutral | Get Alert |
| 05/10/2024 | Buy Now | 5.26% | Craig-Hallum | Jeff Van Rhee65% | $22 → $8 | Maintains | Hold | Get Alert |
| 05/10/2024 | Buy Now | 18.42% | Wedbush | Daniel Ives78% | $21 → $9 | Maintains | Neutral | Get Alert |
| 05/10/2024 | Buy Now | -14.47% | Wells Fargo | Colin Langan50% | $25 → $6.5 | Downgrade | Overweight → Equal-Weight | Get Alert |
| 05/10/2024 | Buy Now | 5.26% | Baird | Luke Junk43% | $15 → $8 | Maintains | Neutral | Get Alert |
| 05/10/2024 | Buy Now | — | Needham | Quinn Bolton77% | — | Reiterates | → Hold | Get Alert |
| 05/07/2024 | Buy Now | — | Needham | Quinn Bolton77% | — | Downgrade | Buy → Hold | Get Alert |
| 04/17/2024 | Buy Now | 97.37% | Baird | Luke Junk43% | $17 → $15 | Maintains | Neutral | Get Alert |
| 03/15/2024 | Buy Now | 202.63% | Needham | Quinn Bolton77% | $23 → $23 | Reiterates | Buy → Buy | Get Alert |
| 02/07/2024 | Buy Now | 189.47% | Craig-Hallum | Jeff Van Rhee65% | → $22 | Downgrade | Buy → Hold | Get Alert |
| 02/07/2024 | Buy Now | 176.32% | Wedbush | Daniel Ives78% | $19 → $21 | Maintains | Neutral | Get Alert |
| 11/29/2023 | Buy Now | 150% | Goldman Sachs | Mark Delaney74% | $28 → $19 | Maintains | Neutral | Get Alert |
| 11/28/2023 | Buy Now | 228.95% | Craig-Hallum | Jeff Van Rhee65% | $38 → $25 | Maintains | Buy | Get Alert |
| 11/28/2023 | Buy Now | 228.95% | Wells Fargo | Colin Langan50% | $32 → $25 | Maintains | Overweight | Get Alert |
| 11/28/2023 | Buy Now | 150% | Wedbush | Daniel Ives78% | $31 → $19 | Maintains | Neutral | Get Alert |
| 11/28/2023 | Buy Now | 202.63% | Needham | Quinn Bolton77% | $34 → $23 | Maintains | Buy | Get Alert |
| 05/11/2023 | Buy Now | 242.11% | Wedbush | Daniel Ives78% | $32 → $26 | Maintains | Neutral | Get Alert |
| 05/10/2023 | Buy Now | 452.63% | Needham | Rajvindra Gill78% | → $42 | Reiterates | → Buy | Get Alert |
| 03/03/2023 | Buy Now | 452.63% | Needham | Rajvindra Gill78% | → $42 | Reiterates | → Buy | Get Alert |
| 02/10/2023 | Buy Now | 321.05% | Wedbush | Daniel Ives78% | $25 → $32 | Maintains | Neutral | Get Alert |
| 02/09/2023 | Buy Now | 307.89% | Goldman Sachs | Mark Delaney74% | $19 → $31 | Maintains | Neutral | Get Alert |
| 02/09/2023 | Buy Now | 426.32% | Craig-Hallum | Jeff Van Rhee65% | → $40 | Upgrade | Hold → Buy | Get Alert |
| 02/09/2023 | Buy Now | 294.74% | Baird | Luke Junk43% | $23 → $30 | Maintains | Neutral | Get Alert |
| 02/09/2023 | Buy Now | 321.05% | Wells Fargo | Colin Langan50% | $25 → $32 | Maintains | Overweight | Get Alert |
| 02/09/2023 | Buy Now | 452.63% | Needham | Rajvindra Gill78% | $40 → $42 | Maintains | Buy | Get Alert |
| 11/30/2022 | Buy Now | 150% | Goldman Sachs | Mark Delaney74% | $17 → $19 | Maintains | Neutral | Get Alert |
| 11/30/2022 | Buy Now | 426.32% | Needham | Rajvindra Gill78% | $30 → $40 | Maintains | Buy | Get Alert |
| 11/15/2022 | Buy Now | 228.95% | Wells Fargo | Colin Langan50% | $48 → $25 | Maintains | Overweight | Get Alert |
| 10/11/2022 | Buy Now | 123.68% | Goldman Sachs | Chris Merwin34% | $30 → $17 | Maintains | Neutral | Get Alert |
| 08/10/2022 | Buy Now | 294.74% | Goldman Sachs | Chris Merwin34% | $34 → $30 | Maintains | Neutral | Get Alert |
| 08/10/2022 | Buy Now | 189.47% | RBC Capital | Joseph Spak42% | $27 → $22 | Maintains | Sector Perform | Get Alert |
| 08/10/2022 | Buy Now | — | Craig-Hallum | Jeff Van Rhee65% | — | Downgrade | Buy → Hold | Get Alert |
| 08/10/2022 | Buy Now | 531.58% | Wells Fargo | Colin Langan50% | $64 → $48 | Maintains | Overweight | Get Alert |
| 08/10/2022 | Buy Now | — | Raymond James | Brian Gesuale74% | — | Downgrade | Outperform → Market Perform | Get Alert |
| 08/10/2022 | Buy Now | 294.74% | Needham | Rajvindra Gill78% | $46 → $30 | Maintains | Buy | Get Alert |
| 07/11/2022 | Buy Now | 742.11% | Wells Fargo | Colin Langan50% | $66 → $64 | Maintains | Overweight | Get Alert |
| 07/07/2022 | Buy Now | 255.26% | RBC Capital | Joseph Spak42% | $28 → $27 | Upgrade | Underperform → Sector Perform | Get Alert |
| 05/12/2022 | Buy Now | 347.37% | Goldman Sachs | Chris Merwin34% | $44 → $34 | Maintains | Neutral | Get Alert |
| 05/11/2022 | Buy Now | 768.42% | Wells Fargo | Colin Langan50% | $67 → $66 | Maintains | Overweight | Get Alert |
| 05/11/2022 | Buy Now | 268.42% | RBC Capital | Joseph Spak42% | $34 → $28 | Maintains | Underperform | Get Alert |
| 05/11/2022 | Buy Now | 505.26% | Needham | Rajvindra Gill78% | $78 → $46 | Maintains | Buy | Get Alert |
FAQ
What is the target price for Cerence (CRNC) stock?
The latest price target for Cerence (NASDAQ:CRNC) was reported by Goldman Sachs on April 10, 2025. The analyst firm set a price target for $8.00 expecting CRNC to rise to within 12 months (a possible 5.26% upside). 21 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Cerence (CRNC)?
The latest analyst rating for Cerence (NASDAQ:CRNC) was provided by Goldman Sachs, and Cerence maintained their neutral rating.
When was the last upgrade for Cerence (CRNC)?
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.
When was the last downgrade for Cerence (CRNC)?
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.
When is the next analyst rating going to be posted or updated for Cerence (CRNC)?
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 April 10, 2025 so you should expect the next rating to be made available sometime around April 10, 2026.
Is the Analyst Rating Cerence (CRNC) correct?
While ratings are subjective and will change, the latest Cerence (CRNC) rating was a maintained with a price target of $14.00 to $8.00. The current price Cerence (CRNC) is trading at is $7.60, which is out of the analyst’s predicted range.
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