Shares of SoundHound AI, Inc. (SOUN) have gained 29.5% over the past four weeks to close the last trading session at $5.09, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $7.17 indicates a potential upside of 40.9%. The mean estimate comprises six short-term price targets with a standard deviation of $1.81. While the lowest estimate of $5 indicates a 1.8% decline from the curre ...

SoundHound AI (SOUN) shares have jumped 27.3% in the past month, outperforming the Zacks Computer & Technology sector's decline of 6.4% and the Zacks Computers – IT Services' growth of 5.2%. SoundHound AI is benefiting from a strong portfolio, a strong partner base and an expanding clientele. SOUN offers conversational intelligence through independent Voice AI solutions in 25 languages in both cloud-enabled and hardware-embedded devices. Its prospects benefit from a massive addressable market worth more tha ...

An impressive client list and a partnership with Nvidia may be insufficient to save this stock. Despite those successes, SoundHound faces ongoing losses and significant difficulties on the financial side of the business. Given the severity of those challenges, investors and analysts appear to have taken an overly bullish stance on the SaaS stock. The company's $1.6 billion market cap makes SoundHound AI a small-cap stock. However, despite its size, companies as varied as Qualcomm, Stellantis, and Netflix ha ...

*Stock prices used were the afternoon prices of July 28, 2024. The video was published on July 30, 2024. SoundHound AI is scheduled to report quarterly financial results that could have huge implications for investors. Fool.com contributor Parkev Tatevosian discusses what investors should look for from SoundHound AI (SOUN 3.56%) and its quarterly earnings release. ...

SoundHound AI has capitalized on its technological advancements and strategic partnerships to drive significant growth. Despite its impressive growth, SoundHound AI faces several challenges. The company's high valuation, trading at 31.3 times this year's expected sales, makes it sensitive to market volatility and economic shifts. This impressive performance can be attributed to the company's strategic initiatives and robust market positioning. The company's recent payoff of $100 million in debt, leaving it ...

I hope you're also up to date with SoundHound AI's backlog of long-term contracts and other unfilled orders. In May's first-quarter report, that repository of untapped future revenue was worth $382 million, up 80% from the year-ago period. The average length of these backlogged agreements was seven years. Assumptions for a valuation experiment Let's work up an estimated price-to-sales ratio for SoundHound AI's stock that takes the backlog into account. This is a thought experiment, relying on some simplifie ...

SoundHound AI (SOUN 6.15%) stock posted big gains in Thursday's trading. The company's share price closed out the daily session up 7.1%, according to data from S&P Global Market Intelligence. An economic "soft landing" would be great for SoundHound AI stock Strong consumer spending could support SoundHound's growth Along those lines, many of the software specialist's customers are in the restaurant industry. The software specialist is also making a big push in the automotive space through its partnership wi ...

For the sake of clarity and balance, I don't have a pony in the race here, as I'm on the fence with the rest of you. So I will explore three different perspectives, namely from those who are bullish, neutral and who think SoundHound AI makes for an easy sell case. Let's get started. Overvaluation Risks but Still Promising Exploring the hold thesis first, SoundHound AI stock has a great opportunity for growth but looks quite overvalued to many. While the company reported an impressive 73% growth in revenue i ...

Over the past month, shares of this company have returned +25.1%, compared to the Zacks S&P 500 composite's +2% change. During this period, the Zacks Computers - IT Services industry, which SoundHound AI falls in, has gained 2.7%. The key question now is: What could be the stock's future direction? Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determi ...

The company's stock has climbed by 23.46% in the past month, exceeding the Computer and Technology sector's loss of 3.88% and the S&P 500's gain of 1.08%. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.33 per share and revenue of $71.01 million. These totals would mark changes of +13.16% and +54.8%, respectively, from last year. Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To take advantage o ...