TD Cowen analyst Itay Michaeli raised the firm’s price target on Cerence (CRNC) to $11 from $10 and keeps a Hold rating on the shares. The firm notes Cerence reported a Q3 beat and raised FY25 guidance. New business progress was encouraging including an xUI deal within the VW Group. TD Cowen remains constructive on the GenAI penetration story and Cerence’s positioning.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CRNC: