Cerence (CRNC) Tops Q2 EPS by 13c ; Offers Guidance

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Go back to Cerence (CRNC) Tops Q2 EPS by 13c ; Offers Guidance

Cerence Inc. (CRNC) PT Lowered to $8 at Evercore ISI

May 9, 2024 9:51 AM EDT

Evercore ISI analyst Chris McNally lowered the price target on Cerence Inc. (NASDAQ: CRNC) to $8.00 (from $20.00) while maintaining a In Line rating.

The analyst comments "PM Summary back to Square ZERO for any hope of a near-term bottom in CRNCs share price. Cerence guides down FY24 Rev by ~$40MM (11%) & EBITDA to midpoint of... More