What's Going On With SoundHound AI Stock Today?
Portfolio Pulse from Erica Kollmann
SoundHound AI, Inc. (NASDAQ:SOUN) shares are trading higher after the company announced the acquisition of Amelia and reported strong second-quarter earnings. The company beat analyst expectations and raised its full-year and 2025 revenue guidance. Analysts are bullish on the stock, with an average 1-year price target of $7.25, representing a 40.64% upside.
August 12, 2024 | 5:36 pm
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POSITIVE IMPACT
SoundHound AI shares are trading higher after the company announced the acquisition of Amelia and reported strong Q2 earnings. The company beat analyst expectations and raised its full-year and 2025 revenue guidance. Analysts are bullish with an average 1-year price target of $7.25.
The acquisition of Amelia and strong Q2 earnings have positively impacted investor sentiment. The raised revenue guidance and bullish analyst ratings further support a positive short-term price direction.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100