In 2013, it was covered by American entertainer Cher, who released it as the sophomore single off her twenty-fifth album Closer to the Truth. Her rendition is prominently a country pop ballad. "I Hope You Find It" became Cher's biggest radio hit in the United Kingdom in the 21st century, reaching number thirty-four on the official UK Airplay Chart. On the UK Singles Chart, the song debuted at number twenty-five, becoming Cher's first top 40 hit since "The Music's No Good Without You" in 2001. On September 24, 2013, Cher talked about "I Hope You Find It", calling it "an emotional ballad". She further stated- "Love songs are [usually about] 'I'm looking for love' or 'I've lost love'... They're usually not 'I found love, I lost love, and now I hope you find love with someone else'. Usually we're not that charitable."
The song received generally favorable reviews. John Hamilton of Idolator described that Cher "brings an appropriate world-weariness to the song." Tim Sendra of AllMusic stated that the second half of the album, which also includes "I Hope You Find It", wasn't successful, writing, "These songs aren't as successful, thanks to the somewhat syrupy melodies and clichéd lyrics, but also because Cher's vocals sound a little worn and frayed around the edges." Philip Matusavage of MusicOMH provided a favorable review, writing, "It invokes the Diane Warren-penned Cher classics of old and soars effortlessly in comparison to the laborious grunting of much preceding it."
A critic from So So Gay noted that the song "flexed the oft-overlooked soulful register of Cher's husky contralto."USA Today inducted the song to their download list. Michael Callahan of Philly gave a positive review, writing, "Cher’s too-rarely-heard falsetto pierces right to the heart."
The song debuted at 24 and peaked at no. 17 on Billboard's Adult Contemporary chart. It failed to chart on the Hot 100. It debuted at number forty-nine on the German Singles Chart, where it became Cher's highest entry in more than ten years. It also entered the charts in Austria and Switzerland, peaking at numbers 43 and 26, respectively. In addition to its Swiss peak, the song also broke into the top forty of the Irish Singles Chart, debuting at number thirty-nine. Also notably, "I Hope You Find It" became Cher's biggest radio hit in the United Kingdom in the 21st century, reaching number thirty-four on the official UK Airplay Chart, after a 134% increase in radio plays and an audience peak of 20.14 million. On the main UK Singles Chart, the song debuted at number twenty-five, becoming Cher's first top 40 hit since "The Music's No Good Without You" (2001). On the component charts, it shared the same opening spot (25) with the debut on the UK Digital Chart, while in Scotland it fared quite better, debuting at number 22.
In February 2014, "I Hope You Find It" debuted on Billboard's Adult Contemporary chart at number 24, marking Cher's 31st entry on that chart during five decades. The following week, it climbed up to number 20, becoming her highest-charting solo AC hit since "Song for the Lonely" reached number 11 in 2002 and making Cher the only female artist to have a top 20 AC single in 5 consecutive decades. It went on to peak at number 17 and remained in the top 20 for 15 non-consecutive weeks.
To further promote the single, Cher released a lyric video for the song on her official YouTube channel. The video was uploaded on September 24, 2013 and it has since gathered over 2,000,000 views. It includes handwritten letters and cards by Cher. Yahoo! Music provided a positive review for the video, praising the "beautiful treatment of this beautiful song, as well as the bittersweet message Cher delivers".
"I Hope You Find It" is on the setlist of Cher's current Dressed to Kill Tour, where she performs it floating on a platform above the audience. Brad Wheeler of The Globe and Mail provided a negative review of the performance, witing, "The encore ballad I Hope You Find It was a bum-note ending. Cher performed the Miley Cyrus cover dressed as a sort of religious icon, floating above the crowd in a papalish carrier. She had blessed her fans with her presence, but this was far too much symbolism. Perhaps her pedestal status had gone to her headdress." Dave McKenna of The Washington Post stated that the performance of "'I Hope You Find It" was perhaps a sign that Cher "turned over the outrageous mantle to the younger pop star [Cyrus], known to purvey Cheresque outrageousness."