Cerence Inc. (CRNC) Social Stream
CERENCE INC (CRNC) Price Targets From Analysts
Use the tables below to see what analysts covering CERENCE INC think about its future price and what recommendations they have for investors and traders.
| Date | Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Current Price | Upside Potential |
|---|---|---|---|---|---|---|
| 2021-10-06 | 9 | $165 | $95 | $134.222 | $29 | 362.83% |
| 2021-11-12 | 9 | $165 | $95 | $133.222 | $29 | 359.39% |
| 2021-11-24 | 9 | $165 | $95 | $125.222 | $29 | 331.8% |
| 2021-12-07 | 9 | $165 | $91 | $120.8 | $29 | 316.55% |
| 2021-12-16 | 9 | $165 | $85 | $120.2 | $29 | 314.48% |
| 2022-01-26 | 9 | $165 | $77 | $118.4 | $29 | 308.28% |
| 2022-02-09 | 9 | $165 | $37 | $88 | $29 | 203.45% |
| 2022-02-14 | 9 | $165 | $37 | $79.363 | $29 | 173.67% |
| 2022-05-11 | 8 | $165 | $31 | $62.3 | $29 | 114.83% |
| 2022-07-11 | 9 | $165 | $27 | $57.818 | $29 | 99.37% |
| 2022-08-10 | 11 | $55 | $22 | $34.1 | $29 | 17.59% |
| 2022-10-11 | 11 | $55 | $17 | $32.8 | $29 | 13.1% |
| 2022-11-15 | 11 | $55 | $17 | $30.5 | $29 | 5.17% |
| 2022-12-01 | 11 | $55 | $19 | $29.444 | $29 | 1.53% |
| 2023-02-09 | 10 | $55 | $19 | $30.444 | $29 | 4.98% |
| 2023-02-10 | 10 | $55 | $22 | $32.555 | $29 | 12.26% |
| 2023-03-03 | 9 | $42 | $22 | $32.555 | $29 | 12.26% |
| 2023-05-10 | 8 | $42 | $22 | $33 | $29 | 13.79% |
| 2023-05-11 | 8 | $42 | $22 | $32.25 | $29 | 11.21% |
The Trend in the Analyst Price Target
Over the past 17 months, CRNC's average price target has gone down $88.55.
Over the past 43 weeks, CRNC's average upside potential has been 44.62%.
| Date | Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Share Price | Upside Potential |
|---|---|---|---|---|---|---|
| 2022-07-11 | 11 | 65 | 27 | 47.100 | 24.45 | 92.64% |
| 2022-07-11 | 9 | 165 | 27 | 57.818 | 24.45 | 136.47% |
| 2022-08-10 | 11 | 55 | 22 | 34.100 | 23.68 | 44% |
| 2023-03-03 | 9 | 42 | 22 | 32.555 | 27.91 | 16.64% |
| 2023-05-10 | 8 | 42 | 22 | 32.250 | 23.00 | 40.22% |
CRNC Broker Recommendations Summary
| Average Broker Rating | Strong Buy | Buy | Hold | Sell | Strong Sell | Analysts Issuing Recs |
|---|---|---|---|---|---|---|
| 2.13 | 3 | 1 | 4 | 0 | 0 | 8 |
The Trend in the Broker Recommendations
Over the past 26 weeks, CRNC's average broker recommendation rating improved by 0.43.
The points below can provide you with additional insight regarding what the price target and recommendations metrics in the table above mean for investors.
- CRNC has a lower variance in analysts' estimates than -2326.72% of all US stocks.
- CERENCE INC's upside potential (average analyst target price relative to current price) is higher than 1782.85% of all US stocks.
- To contextualize these metrics, consider that out of stocks in the mid market cap category, CERENCE INC's average analyst price target is greater than 1946.33% of them.
- In terms of how CERENCE INC fares relative to stocks in the mid market cap category, note that its number of analysts covering the stock is higher than 2017.6% of that group.
In terms of price targets and recommendations offered by analysts, the stocks in the Business Services industry with the ratings most similar to CERENCE INC are PD, SWI, and GDYN.
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