CRNC Similar Chart Price Prediction
The price of CRNC is predicted to go up -1.56%, based on the high correlation periods with MPV. The similarity of these two price pattern on the periods is 97.34%.
CRNC
MPV
Down: -1.56%Similarity: 97.34%
CRNC Revenue Forecast
CRNC EPS Forecast
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CRNC Analyst's Forecast
Jeff Van Rhee
Craig-Hallum
Hold
2024-11-22
Price Target
$3.5 → $6
Downside
-16.67%
Craig-Hallum raised the firm's price target on Cerence to $6 from $3.50 and keeps a Hold rating on the shares. Cerence reported results and guidance ahead of expectations, driving yesterday's 100% surge, the analyst tells investors in a research note. The firm awaits incremental evidence and conviction in the forecasted forward growth as a possible opportunity to be more constructive on shares.
