In a report released today, Daniel Ives from Wedbush maintained a Buy rating on SoundHound AI, Inc Class A (SOUN – Research Report), with a price target of $9.00. The company’s shares closed yesterday at $4.75.
According to TipRanks, Ives is a 4-star analyst with an average return of 4.4% and a 52.43% success rate. Ives covers the Technology sector, focusing on stocks such as Apple, Alight, and Microsoft.
SoundHound AI, Inc Class A has an analyst consensus of Moderate Buy, with a price target consensus of $7.15.
SOUN market cap is currently $1.47B and has a P/E ratio of -12.55.
Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SOUN in relation to earlier this year.
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SoundHound AI, Inc Class A (SOUN) Company Description:
SoundHound AI Inc is an innovator of conversational intelligence, offering an independent Voice AI platform that enables businesses across industries to deliver high-quality conversational experiences to customers.
