SoundHound AI Stock Fetches Price-Target Hike

Blockhead12-24 00:24

Highflying stock SoundHound AI (SOUN) nabbed a price-target hike on Monday as a Wall Street analyst sees increasing demand for the company's conversational voice AI technology. H.C. Wainwright analyst...

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Wainwright analyst...</p>\n\n<a href=\"https://www.investors.com/news/technology/soundhound-stock-fetches-price-target-hike/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4023","symbol_name":"应用软件","start_time":0,"source_url":"https://www.investors.com/news/technology/soundhound-stock-fetches-price-target-hike/","article_id":"2493760615","we_media_id":null,"thumbnails":["https://www.investors.com/wp-content/uploads/2024/12/Stock-SoundHound-AI-Samsung-company-150x150.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2493760615","pubTimestamp":1734971089,"columns":[],"sourceInfo":{"source_id":"investor_business_daily_highlight","name":"Investor’s Business Daily"},"weMediaInfo":null,"summary":"SoundHound AI stock nabbed a price-target hike as a Wall Street analyst sees increasing demand for the company's conversational voice AI technology.","collect":0,"end_time":0,"defaultTopTitle":"investors.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4023":"应用软件","SOUN":"SoundHound AI Inc","BK4587":"ChatGPT概念","BK4547":"WSB热门概念"},"translate_title":"SoundHound AI股票目标价上调","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SOUN":1},"content_text":"Highflying stock SoundHound AI (SOUN) nabbed a price-target hike on Monday as a Wall Street analyst sees increasing demand for the company's conversational voice AI technology.\nH.C. Wainwright analyst Scott Buck reiterated his buy rating on SoundHound stock and upped his price target to 26 from 8.\n\n\n\n↑\nX\n\n\n\n\nThis Formula Can Help Protect Hard-Earned Gains And Give Winners Room To Run\n\n\nSee All Videos\n\n\n\n\nNOW PLAYING\nThis Formula Can Help Protect Hard-Earned Gains And Give Winners Room To Run\n\n\n\n\n\"While valuation levels may look stretched at today's share price, we believe the company has built a scalable platform which should allow revenue, adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) and ultimately earnings to catch up to share price over time,\" Buck said in a client note.\nIn morning trades on the stock market today, SoundHound stock dropped 9.2% to 19.75. Shares have seesawed since hitting a record high of 24.08 on Dec. 18.\nYear to date, SoundHound stock is up 831%.\nThe company's share price appreciation is being driven by several factors, including increasing demand for the company's artificial intelligence-enabled services across multiple sectors, Buck said.\nSoundHound's largest business area now is providing voice AI technology for restaurant chains. Its latest contracts are with Church's Texas Chicken and Torchy's Tacos, which combined have more than 1,600 restaurant locations.\n\"Further, through recent acquisitions, we believe the company is positioned to meaningfully broaden its business reach well beyond the restaurant space in areas such as retail, healthcare and financial services,\" Buck said.\nSoundHound stock has an IBD Composite Rating of 87 out of 99, according to IBD Stock Checkup.\nIBD's Composite Rating is a blend of key fundamental and technical metrics to help investors gauge a stock's strengths. The best growth stocks have a Composite Rating of 90 or better.\n\nFollow Patrick Seitz on X, formerly Twitter, at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks.\nYOU MAY ALSO LIKE:\nNetflix Preps For Big Week: 2 NFL Games, 'Squid Games 2'\nAI Fueling Duolingo's Next Growth Phase, Analyst Says\nSee Stocks On The List Of Leaders Near A Buy Point\nFind Winning Stocks With MarketSurge Pattern Recognition & Custom Screens\nJoin IBD Live For Stock Ideas Each Morning Before The Open","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2493760615"}