Cantor Fitzgerald Downgrades SoundHound AI to Underweight, Lowers Price Target to $4.9
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald analyst Brett Knoblauch downgraded SoundHound AI (SOUN) from Overweight to Underweight and reduced the price target from $5.8 to $4.9.
March 20, 2024 | 5:10 pm
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SoundHound AI downgraded by Cantor Fitzgerald from Overweight to Underweight with a price target cut from $5.8 to $4.9.
The downgrade from Overweight to Underweight by a significant analyst, along with a reduction in the price target, is likely to negatively impact investor sentiment and potentially the stock price of SoundHound AI in the short term. The analyst's opinion is highly regarded in the market, and such a downgrade could lead to a decrease in stock price as investors adjust their expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100