Baird raised the firm’s price target on Cerence (CRNC) to $7 from $5 and keeps a Neutral rating on the shares. The firm said they reported better 4QF24 results and more importantly guiding F2025 above expectations including free cash flow guidance of $20-30 million.
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Read More on CRNC:
- Cerence Inc. Reports FY24 Results and Outlines Future Growth Plans
- Nvidia reports Q3 beat, Starbucks explores China partnerships: Morning Buzz
- Cerence reports Q4 adjusted EPS (7c), consensus (38c)
- Cerence sees Q1 revenue $47M-$50M, consensus $55.69M
- Cerence sees FY25 revenue $236M-$247M, consensus $234.1M