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

6.76

Mkt cap

2.3B

Volume

35M

High

6.77

P/E Ratio

-15.90

52-wk high

10.25

Low

6.22

Div yield

N/A

52-wk low

1.62

Cantor Fitzgerald analyst Brett Knoblauch has maintained an Overweight rating on SoundHound AI (NASDAQ:SOUN) and increased the price target from $3.6 to $5.8.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 2:44 pm

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 2:13 pm

Wedbush analyst Daniel Ives maintains an Outperform rating on SoundHound AI (NASDAQ:SOUN) and raises the price target from $5 to $9.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 2:06 pm

SoundHound AI's shares dropped following the announcement of disappointing Q4 financial results, which were below market expectations.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 1:46 pm

NetApp, Inc. (NASDAQ:NTAP) shares surged by approximately 17% in pre-market trading following the announcement of better-than-expected third-quarter financial results and positive guidance. The company reported adjusted earnings of $1.94 per share, surpassing the market estimates of $1.69 per share, with quarterly sales of $1.610 billion against expectations of $1.591 billion. Other stocks also showed significant movement in pre-market trading, with notable gainers including Nxu, Inc., Minim, Inc., and Dell Technologies Inc., among others. Conversely, several companies experienced declines, such as GigCapital5, Inc., Fisker Inc., and Sidus Space, Inc.

Portfolio Pulse from Avi Kapoor

March 01, 2024 | 1:31 pm

Top Wall Street analysts have updated their price targets and ratings for several US-listed companies, leading to varied stock price movements on Thursday. Notable adjustments include increases in price targets for Veeva Systems, SoundHound AI, Bath & Body Works, Dell Technologies, Flywire Corporation, Hormel Foods, Autodesk, ACI Worldwide, and AvePoint. Meanwhile, Zscaler's price target was reduced, and Flywire Corporation was downgraded from Overweight to Equal-Weight by Morgan Stanley.

Portfolio Pulse from Avi Kapoor

March 01, 2024 | 1:14 pm

In Friday's pre-market session, several Information Technology stocks showed significant movement. Minim, MMTEC, Dell Technologies, Everbridge, NetApp, and Navitas Semiconductor were among the gainers, with Minim leading by surging 67.4%. On the downside, SoundHound AI, Inuvo, WeTrade Group, Ascent Solar Technologies, Mobix Labs, and Zscaler experienced declines, with SoundHound AI dropping 18.9%. The movements were largely influenced by recent earnings reports.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 1:09 pm

DA Davidson analyst Gil Luria has maintained a Buy rating on SoundHound AI (NASDAQ:SOUN) and increased the price target from $5 to $7.5.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 11:41 am

Hewlett Packard Enterprise reported mixed Q1 results with earnings above and sales below market expectations, leading to a 6.1% pre-market share drop. Other stocks like Fisker, Plug Power, and several others also moved lower in pre-market trading due to various reasons including below-estimate revenues, internal control issues, and weak financial results.

Portfolio Pulse from Avi Kapoor

March 01, 2024 | 10:47 am

U.S. stock futures traded higher with focus on stocks like Dell, which reported better-than-expected Q4 results and increased its dividend, and SoundHound AI, which reported weaker Q4 results. Plug Power, EchoStar, and Zscaler also reported financial results, with mixed reactions in after-hours trading.

Portfolio Pulse from Avi Kapoor

March 01, 2024 | 6:51 am

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