Cerence Inc. (CRNC, Financial) is set to introduce its groundbreaking AI platform, Cerence xUI, during Auto Shanghai 2025. This platform is designed to operate seamlessly between the edge and the cloud, and will be demonstrated for the first time in both English and Mandarin. Cerence has teamed up with industry leaders, Great Wall Motor (GWM) and TCL, to highlight the capabilities of this innovative solution.
The public demonstration at the auto show marks a significant step in the evolution of Cerence xUI. The collaboration with GWM, a long-standing partner, allows Cerence to showcase its AI advancements within a GWM vehicle, emphasizing their shared vision for global automotive innovation. This partnership reinforces Cerence's commitment to integrating advanced AI technologies in automobiles worldwide.
In addition to its work with GWM, Cerence is also collaborating with TCL to enhance in-car interactions. This partnership aims to explore and expand the potential applications of AI beyond the automotive industry, signaling Cerence's commitment to broadening the scope of its technological innovations.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for Cerence Inc (CRNC, Financial) is $11.58 with a high estimate of $16.00 and a low estimate of $8.00. The average target implies an upside of 63.15% from the current price of $7.10. More detailed estimate data can be found on the Cerence Inc (CRNC) Forecast page.
Based on the consensus recommendation from 7 brokerage firms, Cerence Inc's (CRNC, Financial) average brokerage recommendation is currently 2.9, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Cerence Inc (CRNC, Financial) in one year is $14.33, suggesting a upside of 101.83% from the current price of $7.1. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Cerence Inc (CRNC) Summary page.
