SoundHound AI Stock: A Deep Dive Into Analyst Perspectives (4 Ratings)
Portfolio Pulse from Benzinga Insights
Analysts' ratings for SoundHound AI (NASDAQ:SOUN) over the last quarter show a mix of bullish and somewhat bullish sentiments. The average 12-month price target has increased to $7.5, with a high estimate of $9.00 and a low estimate of $7.00. Analysts from Wedbush, Cantor Fitzgerald, and HC Wainwright & Co. have maintained or raised their ratings and price targets. Despite strong revenue growth, the company faces challenges in profitability, return on equity, return on assets, and debt management.
August 09, 2024 | 3:00 pm
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Analysts' ratings for SoundHound AI (NASDAQ:SOUN) show a mix of bullish and somewhat bullish sentiments. The average 12-month price target has increased to $7.5, with a high estimate of $9.00 and a low estimate of $7.00. Analysts from Wedbush, Cantor Fitzgerald, and HC Wainwright & Co. have maintained or raised their ratings and price targets. Despite strong revenue growth, the company faces challenges in profitability, return on equity, return on assets, and debt management.
The increase in the average price target and the mix of bullish sentiments from analysts suggest a positive short-term impact on the stock price. However, the company's challenges in profitability, return on equity, return on assets, and debt management may temper this optimism.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100