Cantor Fitzgerald Maintains Overweight on SoundHound AI, Lowers Price Target to $4.2
Portfolio Pulse from richadhand@benzinga.com
Cantor Fitzgerald analyst Brett Knoblauch has maintained an Overweight rating on SoundHound AI (NASDAQ:SOUN) but lowered the price target from $6.2 to $4.2.
August 09, 2023 | 5:31 pm
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Cantor Fitzgerald has maintained an Overweight rating on SoundHound AI but lowered the price target from $6.2 to $4.2.
The news of a lowered price target by Cantor Fitzgerald could negatively impact the short-term price of SoundHound AI's stock. Investors may perceive this as a lack of confidence in the company's future performance, leading to potential selling pressure.
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