Futubull cites USD 10.00 target for Cerence stock, 23.18 percent above price
Published on 10/17/2026 at 20:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and earnings
- A September 30, 2026 update put Cerence's average target at USD 10.00.
- Fiscal third-quarter revenue reached USD 69.60 million, up 12.00 percent year over year.
- Cerence stock last stood at USD 8.93 on Nasdaq on October 16, 2026 at 4:00 p.m. ET, down 2.62 percent versus the prior close of USD 9.17.
- Cerence had a negative P/E of minus 24.51 and a market capitalization of USD 403.9 million on October 16, 2026.
Futubull listed a USD 10.00 average target for Cerence on September 30, 2026, putting the target 23.18 percent above the Nasdaq price of USD 8.93. Cerence was last at USD 8.93 on Nasdaq on October 16, 2026 at 4:00 p.m. ET, down 2.62 percent versus the Nasdaq prior close of USD 9.17.
Revenue reached USD 69.60 million
The latest operating picture is more constructive than the share move. Fiscal third-quarter 2026 revenue reached USD 69.60 million, up 12.00 percent from USD 62.00 million in the prior-year period, according to Yahoo Finance. The same call reported adjusted EBITDA of USD 13.50 million, up 51.00 percent year over year, while adjusted free cash flow reached USD 20.00 million.
Investing.com reported adjusted earnings per share of USD 0.03 for fiscal third-quarter 2026, versus a consensus estimate of USD 0.20. That comparison leaves earnings execution as a key counterweight to the revenue increase.
Stock remains below its yearly high
On October 16, 2026, trading volume was 941,004 shares, versus an average volume of 726,096 shares. The price was USD 5.85 above the 52-week low and USD 4.35 below the 52-week high of USD 13.28, leaving it 32.76 percent below that high.
Cerence describes its software as an interaction layer for vehicles and other intelligent systems, with technology deployed in more than 525 million vehicles worldwide, according to its investor-relations page. The company is listed on Nasdaq under CRNC.
Valuation and comparison
Market capitalization stood at USD 403.9 million on October 16, 2026. The trailing P/E was minus 24.51, while the annual dividend yield was 0.00 percent. The USD 10.00 average target cited by Futubull on September 30, 2026 was 11.98 percent above the October 16, 2026 Nasdaq price.
Comparison with peers
Cerence (Nasdaq, USD): minus 2.62 percent, P/E minus 24.51, market capitalization USD 403.9 million
SoundHound AI (Nasdaq, USD): minus 3.48 percent, P/E minus 14.15, market capitalization USD 2.1 billion
BigBear.ai (Nasdaq, USD): minus 7.30 percent, P/E minus 10.29, market capitalization USD 1.0 billion
Price and investor perspective
Cerence's USD 8.93 price on October 16, 2026 sat below its yearly high while the latest quarter delivered double-digit revenue growth. The market is weighing that operating improvement against the adjusted earnings shortfall relative to consensus.
Market context: Market report Nasdaq Composite.
