Cerence (CRNC) Tops Q1 EPS by 8c, Revenues Beat; Offers 2Q & FY21 EPS Guidance Above Consensus

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Go back to Cerence (CRNC) Tops Q1 EPS by 8c, Revenues Beat; Offers 2Q & FY21 EPS Guidance Above Consensus

Cerence Inc. (CRNC) PT Raised to 'Street High' $150 at Wedbush

February 9, 2021 7:35 AM EST

Wedbush analyst Daniel Ives raised the price target on Cerence Inc. (NASDAQ: CRNC) to a "Street High" $150.00 (from $120.00) while maintaining an Outperform rating.

The analyst commented, "Cerence delivered another robust quarter yesterday as the company's execution strategy in the field is laying the groundwork for expanding growth and ARPU opportunities over... More