Form 8-K Cerence Inc. For: May 09
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/24/2026
- Wall St set to open higher as tech rebounds, Micron earnings eyed
- Brent extends losses on expectations of smoother crude flows via Hormuz
- All eyes on Micron earnings tonight as sell-off raises stakes for AI memory trade
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Stay long AI-capex winners into the peak, Stifel says despite bubble fears
- Needham Starts NeoVolta (NEOV) at Buy
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- KKR launches Helix with over $10 billion to build AI infrastructure
Cerence Inc. (CRNC) PT Lowered to $8 at Evercore ISI
May 9, 2024 9:51 AM EDTEvercore 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
