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

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

The article highlights unusual options activity in the Information Technology sector, focusing on large trades by 'whales' in companies like NVDA, SOUN, SMCI, ADI, TSM, SNOW, AVGO, MSFT, COHR, and SEDG. These activities can indicate potential trading opportunities.

Portfolio Pulse from Benzinga Insights

August 21, 2024 | 5:35 pm

Small-cap stocks in the Russell 2000 Index, including Dave Inc, SoundHound AI Inc, and Innodata Inc, are experiencing significant gains in 2024. Dave Inc has seen a 320% YTD increase, SoundHound AI a 139% rise, and Innodata a 119% surge, driven by fintech, AI, and data services expansions.

Portfolio Pulse from Surbhi Jain

August 19, 2024 | 7:16 pm

The article highlights three small-cap AI stocks—SoundHound AI Inc (SOUN), Helix Energy Solutions Group Inc. (HLX), and Innodata Inc. (INOD)—that are making significant strides in their respective fields. SoundHound AI has surged 140% YTD, driven by strategic partnerships with Nvidia and Stellantis. Helix Energy Solutions is up 7.3% YTD, leveraging AI for environmental cleanup. Innodata has gained 118% YTD, focusing on generative AI and data engineering.

Portfolio Pulse from Surbhi Jain

August 16, 2024 | 6:18 pm

HC Wainwright & Co. analyst Scott Buck has reiterated a Buy rating on SoundHound AI (NASDAQ:SOUN) and maintained a $7 price target.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 6:48 pm

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.

Portfolio Pulse from Erica Kollmann

August 12, 2024 | 5:36 pm

Northland Capital Markets has maintained a Market Perform rating on SoundHound AI (NASDAQ:SOUN) and raised the price target from $5.5 to $6.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 5:28 pm

SoundHound AI Inc (NASDAQ:SOUN) reported strong Q2 results with revenue of $13.5 million, slightly above expectations. Despite this, shares fell 4.61% to $4.97. Analysts are focused on the company's acquisition of Amelia, an enterprise AI software company, which is expected to be transformative. Cantor Fitzgerald upgraded SOUN to Overweight with a price target of $7, Wedbush reiterated an Outperform rating with a $9 target, and DA Davidson maintained a Buy rating with a $9.50 target.

Portfolio Pulse from Priya Nigam

August 09, 2024 | 4:10 pm

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