In the third quarter (for the period ended Sept. 30), SoundHound AI posted revenue of $25.1 million, an 89% year-over-year increase. The company now serves more than 200 enterprise-level customers, showcasing its diversifying business mix. For the full year, SoundHound AI expects revenue of around $84 million, marking an 83% jump from 2023.
However, what goes up often comes down, but H.C. Wainwright analyst Scott Buck thinks SoundHound stock has enough fuel in the tank to climb higher. On Dec. 23, he raised his bank's price target to $26 per share and maintained his buy rating. The new target implies a gain of 19.5% from SoundHound's closing price on Dec. 22.
SoundHound AI Inc (NASDAQ:SOUN) shares are trading lower Tuesday, pulling back from recent strength. The rally really accelerated in November when the company reported strong earnings. Here's what you need to know.
With shares rocketing higher so far this year, SoundHound AI (NASDAQ: SOUN) demonstrates the millionaire-making potential of stock market investing. Let's dig deeper to see if this artificial intelligence (AI) software stock still has gas left in the tank.
SoundHound AI stock nabbed a price-target hike as a Wall Street analyst sees increasing demand for the company's conversational voice AI technology.
SoundHound AI ($SOUN) has been among the best stocks over the past 12 months. Up 926%, it’s topped only by a few companies, notably those in
SoundHound AI (NASDAQ:SOUN) stock has been a major beneficiary of the market’s infatuation with all things AI. That is clearly evident in the
SoundHound AI (NASDAQ: SOUN) has been on a tear, with its stock surging 80% in the past month and nearly 200% this quarter. This explosive rally underscores the market’s speculative fervor, with capital pouring into small- to mid-cap stocks in hot themes like AI,
Analysts have set 12-month price targets for SoundHound AI, revealing an average target of $12.64, a high estimate of $26.00, and a low estimate of $7.00. This upward trend is apparent, with the current average reflecting a 53.96% increase from the previous average price target of $8.21.
Nvidia (NASDAQ: NVDA) has become one of the most profitable investments in recent memory. Of course, the rise of artificial intelligence (AI) is the major reason why Nvidia's stock price has done so well.
SoundHound AI Inc (SOUN) stock saw a modest uptick, ending the day at $21.75 which represents a slight increase of $2.90 or 15.38% from the prior close of $18.85. The stock opened at $18.2 and touched a low of $17.
H.C. Wainwright analyst Scott Buck raised the firm’s price target on SoundHound (SOUN) to $26 from $8 and keeps a Buy rating on the shares.