Daniel Ives, analyst at Wedbush, reiterated coverage on Cerence Inc (NASDAQ:CRNC) in the Technology sector with a Buy rating and has set a price target of $130.00. TipRanks.com has Ives rated as a 5 star analyst with a 29% return on investment and a 64% success rate.
TipRanks.com reports that NASDAQ:CRNC currently has 6 analysts offering 12-month price targets and the consensus is a Strong Buy rating with an average price target is $119.33. The target pricing ranges from a high forecast of $155.00 down to a low forecast of $99.00.
NASDAQ:CRNC’s last closing price was $85.58 which would put the average price target at 39.44% upside.
TradingView has NASDAQ:CRNC rated as a Buy.
Remember, securities are volatile, so please do your own research on NASDAQ:CRNC.
Other analysts covering NASDAQ:CRNC include:
- Rajvindra Gill from Needham issued a buy rate with the price target of $155 on May 11th
- Colin Langan from Wells Fargo issued a buy rate with the price target of $99 on May 11th
- Brian Gesuale of Raymond James issued a buy rate with the price target of $155 on May 11th
TipRanks.com tracks and measures the performance of over 50,000 financial experts. The TipRanks Star Ranking TM is calculated based on expert success rate, average return and statistical significance. Get more from TipRanks.com here >>
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