Goldman Sachs analyst Mark Delaney has made adjustments to Cerence's (CRNC, Financial) stock outlook. As of May 9, 2025, the stock rating for Cerence (CRNC) remains "Neutral". This decision reflects the sustained performance evaluation by the analyst.
In addition to maintaining the current rating, Goldman Sachs has revised the price target for Cerence (CRNC, Financial) upwards. The new price target has been set at $9.00, a 12.50% increase from the previous target of $8.00 USD. This change signifies growing optimism about the stock's future potential.
Investors and market watchers should note these key adjustments to Cerence's (CRNC, Financial) stock assessment as they continue to follow its performance on the NASDAQ exchange.
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 $11.17 with a high estimate of $16.00 and a low estimate of $9.00. The average target implies an upside of 22.44% from the current price of $9.12. 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 58.34% from the current price of $9.1199. 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.
