TD Cowen Lowers Cerence (CRNC) PT to $12 Following Noisy FQ1 2026 Results

Cerence Inc. (NASDAQ:CRNC) is one of the worst AI stocks to invest in according to Reddit. On February 5, TD Cowen lowered its price target for Cerence to $12 from $13 and kept a Hold rating. The firm characterized the recent financial results as noisy and noted that while there was a significant EBITDA beat in the FQ1 2026 and management confirmed the 2026 guidance, the figures imply an EBITDA shortfall for the remainder of the year compared to consensus estimates. A day before, Cerence announced that F ...