Cerence upgraded by Needham with a new price target
$CRNC
Computer Software: Prepackaged Software
Technology
Needham upgraded Cerence from Hold to Buy and set a new price target of $16.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/7/2025 | $11.50 | Hold | TD Cowen |
| 1/22/2025 | $16.00 | Hold → Buy | Needham |
| 5/10/2024 | $25.00 → $6.50 | Overweight → Equal Weight | Wells Fargo |
| 5/7/2024 | Hold | Needham | |
| 2/7/2024 | $22.00 | Buy → Hold | Craig Hallum |
| 2/9/2023 | $24.00 → $40.00 | Hold → Buy | Craig Hallum |
| 8/10/2022 | $45.00 → $24.00 | Buy → Hold | Craig Hallum |
| 8/10/2022 | Outperform → Mkt Perform | Raymond James |
TD Cowen resumed coverage of Cerence with a rating of Hold and set a new price target of $11.50
Needham upgraded Cerence from Hold to Buy and set a new price target of $16.00
Wells Fargo downgraded Cerence from Overweight to Equal Weight and set a new price target of $6.50 from $25.00 previously
8-K - Cerence Inc. (0001768267) (Filer)
10-Q - Cerence Inc. (0001768267) (Filer)
8-K - Cerence Inc. (0001768267) (Filer)
4 - Cerence Inc. (0001768267) (Issuer)
4 - Cerence Inc. (0001768267) (Issuer)
3 - Cerence Inc. (0001768267) (Issuer)
BURLINGTON, Mass., March 20, 2025 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC) ("Cerence AI"), a global leader pioneering conversational AI-powered user experiences, today announced that Marion Harris, a long-time Ford Motor Company executive, has been appointed to serve as an independent, non-executive director, effective April 1, 2025. In his more than 25-year career at Ford, Mr. Harris held varying automotive and financial services executive roles. He most recently served as Chairman and CEO of Ford Motor Credit Company, the automaker's captive finance lending arm, where he led a digital transformation program that resulted in the highest consumer satisfaction in the industry. In thi
BURLINGTON, Mass., Dec. 03, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC) ("Cerence AI"), a global industry leader in AI for transportation, today announced that it has appointed Antonio ("Tony") Rodriquez as its Chief Financial Officer (CFO), effective November 29, 2024. As Cerence AI's CFO, Mr. Rodriquez will be focused on accelerating growth, improving operating results, and driving sustainable, long-term value, leading the Company's finance organization, including accounting, tax, FP&A, treasury, facilities, and procurement. Mr. Rodriquez previously served as a partner of CSuite Financial Partners, a financial executive services firm, during which he served as Chief Financial Of
BURLINGTON, Mass., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC), AI for a world in motion, today announced that Brian Krzanich has been appointed Chief Executive Officer and a member of the Board of Directors, effective immediately. Mr. Krzanich succeeds Stefan Ortmanns, who is departing as CEO and resigning as a member of the Board. Mr. Krzanich is a seasoned executive with a track record of success at global public organizations. Most recently from 2018 to 2022, Mr. Krzanich served as CEO of CDK Global Inc., the leading supplier of software to the retail automotive industry. After stabilizing CDK's business, he delivered ten consecutive quarters of growth and ultimatel
SC 13G/A - Cerence Inc. (0001768267) (Subject)
SC 13G/A - Cerence Inc. (0001768267) (Subject)
SC 13G/A - Cerence Inc. (0001768267) (Subject)
Headlines Revenue of $62.2 million; Net cash provided by operating activities of $23.7M; Free cash flow of $16.1 million marks fifth consecutive positive quarterCompany raises and narrows full fiscal year guidance for revenue, adjusted EBITDA and free cash flowCompany continues to advance innovation and gain customer momentum for Cerence xUI, its hybrid LLM-based platform BURLINGTON, Mass., Aug. 06, 2025 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC) ("Cerence AI"), a global leader pioneering conversational AI-powered user experiences, today reported its third quarter fiscal year 2025 results for the quarter ended June 30, 2025. "I'm excited by our progress and proud of what our t
BURLINGTON, Mass., July 23, 2025 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC) ("Cerence AI"), a global leader pioneering conversational AI-powered user experiences, will announce its third quarter financial results for the quarter ended June 30, 2025, on Wednesday, August 6, 2025, at 4:05pm Eastern Time / 1:05pm Pacific Time. The company will host a live conference call and webcast, with supplementary slides, to discuss the results on the same day at 5:00pm Eastern Time / 2:00pm Pacific Time. Interested investors and analysts are invited to join the audio conference call by registering here. Webcast access will be available in the Investor section of the company's website, www.cerence
Headlines Revenue of $78M; free cash flow of $13.1M marks fourth consecutive positive quarterCompany reiterates full-year guidance for revenue and raises full-year guidance for profitability and cash flowContinued innovation and customer momentum for Cerence xUI, the company's next-gen platform BURLINGTON, Mass., May 07, 2025 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC) ("Cerence AI"), a global leader pioneering conversational AI-powered user experiences, today reported its second quarter fiscal year 2025 results for the quarter ended March 31, 2025. Results Summary (1,2)(in millions, except per share data) Three Months Ended Six Months Ended March 31, March 31, 2025 2024 20
SUMMARY AND KEY POINTS: Cerence AI is developing a mobile work AI agent for the car that integrates with Microsoft 365 Copilot, enabling hands-free mobile work through a voice-first experience.Designed with automakers, end users, and enterprise IT requirements in mind, the AI agent will feature Microsoft Intune integration, bringing endpoint security and policy enforcement to the vehicle.Built to address the rise of mobile work and associated distracted driving risks, the AI agent will help minimize driver distraction with context-aware functionality depending on whether users are parked, driving, or riding in autonomous vehicles. MUNICH and BURLINGTON, Mass., Sept. 08, 2025 (GLOBE NEWSW
BURLINGTON, Mass., Sept. 04, 2025 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC) ("Cerence AI"), a global leader pioneering conversational AI-powered user experiences, today announced the filing of a patent infringement lawsuit against Apple Inc. in the United States District Court for the Western District of Texas. Cerence AI has a long history of innovation, reflected in a portfolio of patents developed over decades of research and development. These patented technologies play a critical role in Cerence's product portfolio and its work with its customers, including leading global automakers, transportation OEMs, consumer brands, and technology companies. The lawsuit against Apple cover
AI industry leaders join forces to unlock intelligent, low-power voice interaction for automotive applications SUMMARY AND KEY POINTS: Cerence AI and SiMa.ai partner to run CaLLM Edge on SiMa's Modalix MLSoC, bringing advanced, low-power conversational AI to vehicles.This partnership allows OEMs to deliver an improved user experience with real-time, multi-modal interaction.The solution will debut at IAA Mobility 2025, with a live demo of CaLLM Edge running on SiMa.ai hardware. MUNICH and BURLINGTON, Mass., Sept. 04, 2025 (GLOBE NEWSWIRE) -- IAA Mobility 2025 -- Cerence Inc. (NASDAQ:CRNC) ("Cerence AI"), a global leader pioneering conversational AI-powered user experiences, and SiM