Craig-Hallum analyst Jeff Van Rhee maintained a Buy rating on Cerence (CRNC – Research Report) today. The company’s shares closed yesterday at $19.91.
Van Rhee covers the Technology sector, focusing on stocks such as Asure, Cellebrite DI, and Cerence. According to TipRanks, Van Rhee has an average return of 11.6% and a 52.91% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cerence with a $22.14 average price target.
See today’s best-performing stocks on TipRanks >>
Based on Cerence’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $80.76 million and a GAAP net loss of $11.55 million. In comparison, last year the company earned a revenue of $58.14 million and had a GAAP net loss of $230.13 million
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Cerence (CRNC) Company Description:
Cerence, Inc. builds automotive cognitive assistance solutions to power natural and intuitive interactions between automobiles, drivers and passengers, and the broader digital world. It also engages in the sale of software licenses and cloud-connected services. The company was founded on February 14, 2019 and is headquartered in Burlington, MA.
Read More on CRNC:
- Volkswagen and Cerence Collaborate to Bring New, Generative AI-Powered Interaction to Drivers
- Cerence, Microsoft collaborate for AI-powered automotive user experience
- TipRanks’ All-Star Analyst – Who is the Best on PLTR Stock?
- Cerence introduces automotive-specific LLM in collaboration with Nvidia
- Cerence price target lowered to $25 from $38 at Craig-Hallum
