Breaking Down SoundHound AI: 6 Analysts Share Their Views
Portfolio Pulse from Benzinga Insights
SoundHound AI (NASDAQ:SOUN) has been analyzed by six analysts, showing a range of opinions from bullish to bearish. The average 12-month price target is $7.17, with a high of $9.00 and a low of $6.00. Recent analyst actions include maintaining or raising ratings, reflecting positive sentiment. Despite strong revenue growth, SoundHound AI faces challenges with profitability and returns.
September 18, 2024 | 2:00 pm
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POSITIVE IMPACT
SoundHound AI has received mixed analyst ratings, with a current average price target of $7.17. Analysts have maintained or raised their ratings, indicating positive sentiment. The company shows strong revenue growth but faces profitability challenges.
The majority of analysts have a bullish outlook on SoundHound AI, with some raising their price targets. This positive sentiment is likely to have a short-term positive impact on the stock price. However, the company's profitability challenges may temper long-term expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100