- Discover why Cerence (CRNC, Financial) is taking legal steps against Microsoft and Nuance Communications.
- Explore analysts' forecasts and potential growth opportunities for Cerence Inc.
- Understand the implications of the GF Value on Cerence's stock performance.
Cerence (CRNC) has launched a legal battle against Microsoft and Nuance Communications, citing copyright infringement and breach of contract. This lawsuit revolves around Cerence's cutting-edge AI text-to-speech technology, a crucial component in its transportation sector solutions. As Cerence ventures beyond the automotive industry, it aims to safeguard its intellectual property.
Wall Street Analysts' Predictions
According to projections from six analysts, the average price target for Cerence Inc (CRNC, Financial) stands at $11.58, with forecasts peaking at $16.00 and bottoming at $8.00. This average target translates to an upside of 16.53% from the current market price of $9.94. For a more comprehensive assessment, refer to the Cerence Inc (CRNC) Forecast page.
The collective opinion from seven brokerage firms classifies Cerence Inc's (CRNC, Financial) recommendation as a 2.9, denoting a "Hold" status. This rating operates on a scale of 1 to 5, where 1 signals Strong Buy, and 5 indicates Sell.
GF Value Insights
As per GuruFocus calculations, the estimated GF Value of Cerence Inc (CRNC, Financial) for the coming year is $14.44, suggesting a potential upside of 45.27% from the present price of $9.94. The GF Value represents GuruFocus' approximation of the fair trading value of the stock, derived from historical trading multiples, past business growth, and projected future performance. Further insights can be accessed on the Cerence Inc (CRNC) Summary page.
