Wedbush initiated coverage on shares of Cerence (OTCMKTS:CRNCV) in a research note issued to investors on Friday morning, TipRanks reports. The firm issued a buy rating and a $23.00 target price on the stock.
Separately, Raymond James started coverage on shares of Cerence in a research note on Monday. They issued a strong-buy rating for the company.
Shares of CRNCV traded down $0.25 during trading hours on Friday, hitting $17.25. The company’s stock had a trading volume of 1,964 shares, compared to its average volume of 1,258. Cerence has a 52-week low of $17.25 and a 52-week high of $29.36.
Cerence Company Profile
Cerence Inc manufactures automotive cognitive assistance solutions for connected and autonomous vehicles. The company was founded in 2019 and is based in Burlington, Massachusetts. Cerence Inc operates as a subsidiary of Nuance Communications, Inc
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