Wedbush analyst Daniel Ives maintained a Buy rating on Cerence (NASDAQ:CRNC) Inc on Thursday, setting a price target of $75, which is approximately 20.77% above the present share price of $62.1.
Ives expects Cerence Inc to post earnings per share (EPS) of -$0.77 for the fourth quarter of 2020.
The current consensus among 7 TipRanks analysts is for a Moderate Buy rating of shares in Cerence, with an average price target of $57.57.
The analysts price targets range from a high of $82 to a low of $29.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $74.81 million and a net profit of -$1.4 million. The company's market cap is $2.28 billion.
According to TipRanks.com, Wedbush analyst Daniel Ives is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 18.8% and a 61.71% success rate.
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.