SoundHound AI shares are trading lower after Cantor Fitzgerald downgraded the stock from Overweight to Underweight and lowered its price target from $5.8 to $4.9.
Portfolio Pulse from Benzinga Newsdesk
SoundHound AI's stock (SOUN) trades lower following a downgrade by Cantor Fitzgerald from Overweight to Underweight, with a reduced price target from $5.8 to $4.9.
March 20, 2024 | 5:45 pm
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SoundHound AI's stock trades lower after a downgrade by Cantor Fitzgerald, with a new price target of $4.9.
The downgrade by Cantor Fitzgerald from Overweight to Underweight, accompanied by a reduction in the price target, suggests a bearish outlook on SOUN's stock. This is likely to influence investor sentiment negatively in the short term, leading to a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100