In a recent move on May 8, 2025, Wells Fargo analyst Colin Langan has updated his outlook on Cerence (CRNC, Financial). The firm has maintained its "Equal-Weight" rating for the company, indicating a neutral stance on the stock.
However, Wells Fargo has adjusted the price target for Cerence (CRNC, Financial), lowering it from a previous $12.00 to $10.00. This change signifies a 16.67% decrease in the projected price, suggesting potential adjustments in expectations for the company's future performance.
The report comes amid ongoing evaluations of market dynamics and company-specific factors, as analysts refine their forecasts to better reflect current conditions. Cerence (CRNC, Financial), known for its innovations in AI-driven automotive solutions, will now be observed through this revised lens as investors and stakeholders assess the implications.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for Cerence Inc (CRNC, Financial) is $11.25 with a high estimate of $16.00 and a low estimate of $8.00. The average target implies an upside of 19.94% from the current price of $9.38. More detailed estimate data can be found on the Cerence Inc (CRNC) Forecast page.
Based on the consensus recommendation from 7 brokerage firms, Cerence Inc's (CRNC, Financial) average brokerage recommendation is currently 2.9, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Cerence Inc (CRNC, Financial) in one year is $14.44, suggesting a upside of 53.94% from the current price of $9.38. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Cerence Inc (CRNC) Summary page.
