The price of CNNE is predicted to go up 5.72%, based on the high correlation periods with CRT. The similarity of these two price pattern on the periods is 91.2%.
CNNE
CRT
Up: 5.72%Similarity: 91.2%
CNNE Revenue Forecast
CNNE EPS Forecast
CNNE FAQs
What is bull’s view on CNNE?
Cannae Holdings (CNNE) is currently trading at $19.76, with analysts projecting a target price of $27–$28, indicating a potential upside of 36–46%. This bullish outlook is supported by its strategic portfolio shifts and improving financial performance, including narrowing net losses. Additionally, its potential acquisition discussions, such as with Rapid7, could unlock further value.
What is bear's view on CNNE?
CNNE stock, currently trading at $20.65, faces bearish sentiment due to its declining revenue ($113.9M vs. $143.6M YoY) and consistent net losses, despite narrowing losses recently. Analysts' target of $27.00 appears optimistic given the company's weak financial performance and uncertain strategic moves, such as potential acquisitions like Rapid7. Without clear profitability or growth catalysts, the stock may struggle to sustain upward momentum.
What is CNNE revenue forecast for next quarter?
The market consensus for CNNE's revenue in the upcoming quarter is projected to be approximately $108.35M USD.
RBC Capital raised the firm's price target on Cannae Holdings to $27 from $26 and keeps an Outperform rating on the shares. The company continues to make progress on its strategy as it monetizes the remainder of its Dayforce investment while growing its free cash flow generating portfolio, the analyst tells investors in a research note.