Streetbeat News

SOUN

SoundHound AI, Inc.

https://www.soundhound.com

Industry

Software - Application

SoundHound AI, Inc. develops independent voice artificial intelligence (AI) platform that enables businesses across industries to deliver high-quality conversational experiences to their customers. Its products include Houndify platform that offers a suite of Houndify tools to help brands build conversational voice assistants, such as automatic speech recognition, natural language understanding, wake words, custom domains, text-to-speech, and embedded voice solutions The company is headquartered in Santa Clara, California.

Open

6.71

Mkt cap

2.5B

Volume

18M

High

6.90

P/E Ratio

-18.00

52-wk high

10.25

Low

6.38

Div yield

N/A

52-wk low

1.61

SoundHound AI is expanding its AI technology in the automotive sector through partnerships with companies like Hyundai and Stellantis. The company aims to enhance vehicle interactions and create monetization opportunities for automakers. SoundHound is also backed by NVIDIA, highlighting its strong position in the AI space.

Portfolio Pulse from Chris Katje

October 22, 2024 | 4:49 pm

SoundHound AI Inc (NASDAQ:SOUN) has integrated its AI voice assistant in Lancia vehicles, a subsidiary of Stellantis N.V. (NYSE:STLA), across Europe. This expansion is part of SoundHound's strategy to enhance in-car experiences. SoundHound shares have surged in 2024, partly due to Nvidia's investment. The stock saw a 4% jump before stabilizing.

Portfolio Pulse from Adam Eckert

October 17, 2024 | 3:19 pm

SoundHound AI has integrated its generative AI-powered voice assistant, SoundHound Chat AI, into Lancia Ypsilon vehicles across several European countries, enhancing the vehicles' infotainment systems.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 1:05 pm

Jim Cramer expressed his interest in buying Target Corporation (TGT) and Merck (MRK) stocks, while dismissing SoundHound AI (SOUN) as a 'meme stock'. Target recently appointed Jim Lee from PepsiCo as its CFO. Unity Software (U) received an Underperform rating from Macquarie, and Alumis (ALMS) is considered highly speculative by Cramer.

Portfolio Pulse from Avi Kapoor

October 09, 2024 | 12:36 pm

DA Davidson analyst Gil Luria has reiterated a Buy rating for SoundHound AI with a maintained price target of $9.5.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 2:51 pm

Wedbush analyst Daniel Ives has reiterated an Outperform rating for SoundHound AI, maintaining a price target of $9.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 1:26 pm

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.

Portfolio Pulse from Benzinga Insights

September 18, 2024 | 2:00 pm

HC Wainwright & Co. has reiterated its Buy rating for SoundHound AI, maintaining a price target of $7. This suggests confidence in the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 10:04 am

SoundHound AI has introduced new customization tools for its Chat AI Voice Assistant, including Brand ID and onboarding features. These tools are being piloted with automotive OEM partners to improve in-vehicle consumer engagement.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 1:11 pm

SoundHound AI has announced that MUSC Health is deploying an AI agent named 'Emily' to improve patient access. This solution uses the Amelia Patient Engagement Solution integrated with Epic for better appointment management.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 1:04 pm

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