Cerence CEO Has Vision And Connections To Turn Company's Voice Assistant From 'Want-To-Have' To 'Need-To-Have': Analyst Upgrades Stock

1. Needham upgraded CRNC from Hold to Buy with a $16 price target. 2. Analyst expects LLM voice assistants to increase unit price aligned with trends. 3. Strong management and cash flow improvements bolster CRNC's future outlook. 4. New CEO Brian Krzanich is expected to enhance CRNC's positioning in the market. 5. Projected FY26 ASP increased from $3.38 to $3.58, boosting revenue forecasts.