The latest price target for Cerence (NASDAQ:CRNC) was reported by TD Cowen on August 9, 2024. The analyst firm set a price target for $10.00 expecting CRNC to rise to within 12 months (a possible 196.74% upside). 22 analyst firms have reported ratings in the last year.

The latest analyst rating for Cerence (NASDAQ:CRNC) was provided by TD Cowen, and Cerence maintained their buy rating.

The last upgrade for Cerence Inc happened on February 9, 2023 when Craig-Hallum raised their price target to $40. Craig-Hallum 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 August 9, 2024 so you should expect the next rating to be made available sometime around August 9, 2025.

While ratings are subjective and will change, the latest Cerence (CRNC) rating was a maintained with a price target of $12.00 to $10.00. The current price Cerence (CRNC) is trading at is $3.37, which is out of the analyst’s predicted range.