Northland Capital Markets Downgrades SoundHound AI to Market Perform
Portfolio Pulse from Benzinga Newsdesk
Northland Capital Markets analyst Michael Latimore downgraded SoundHound AI (NASDAQ:SOUN) from Outperform to Market Perform, indicating a change in the firm's outlook on the company's stock.
February 28, 2024 | 7:29 pm
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SoundHound AI was downgraded by Northland Capital Markets from Outperform to Market Perform, reflecting a more cautious view on the stock's future performance.
Analyst downgrades typically lead to a negative short-term reaction in the stock market as they suggest a less optimistic outlook on the company's future performance. Given that this downgrade comes from a reputable firm, it's likely to influence investors' perceptions and could lead to a decrease in stock price in the short term.
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