Cantor Fitzgerald Maintains Overweight on SoundHound AI, Lowers Price Target to $3.6
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald analyst Brett Knoblauch has maintained an Overweight rating on SoundHound AI (NASDAQ:SOUN) but reduced the price target from $4.2 to $3.6.
November 10, 2023 | 2:52 pm
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NEGATIVE IMPACT
Cantor Fitzgerald has maintained an Overweight rating on SoundHound AI but has lowered the price target from $4.2 to $3.6, indicating a potential downside compared to the previous target.
The reduction in price target by Cantor Fitzgerald, despite maintaining an Overweight rating, suggests that the analyst sees less upside potential for SoundHound AI's stock price in the short term. This could lead to a negative investor sentiment and a potential decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100