Evaluating SoundHound AI: Insights From 9 Financial Analysts

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In the last three months, 9 analysts have published ratings on SoundHound AI SOUN, offering a diverse range of perspectives from bullish to bearish.

The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 4 3 1 1 0
Last 30D 1 0 0 0 0
1M Ago 0 1 0 0 0
2M Ago 1 0 1 1 0
3M Ago 2 2 0 0 0

Insights from analysts' 12-month price targets are revealed, presenting an average target of $7.18, a high estimate of $9.50, and a low estimate of $4.90. Observing a 34.96% increase, the current average has risen from the previous average price target of $5.32.

Deciphering Analyst Ratings: An In-Depth Analysis

In examining recent analyst actions, we gain insights into how financial experts perceive SoundHound AI. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Scott Buck HC Wainwright & Co. Maintains Buy $7.00 -
Daniel Ives Wedbush Maintains Outperform $9.00 -
Brett Knoblauch Cantor Fitzgerald Announces Neutral $4.90 -
Brett Knoblauch Cantor Fitzgerald Lowers Underweight $4.90 $5.80
Gil Luria DA Davidson Raises Buy $9.50 $7.50
Scott Buck HC Wainwright & Co. Raises Buy $7.00 $5.00
Brett Knoblauch Cantor Fitzgerald Raises Overweight $5.80 $3.60
Daniel Ives Wedbush Raises Outperform $9.00 $5.00
Gil Luria DA Davidson Raises Buy $7.50 $5.00

Key Insights:

  • Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to SoundHound AI. This offers insight into analysts' perspectives on the current state of the company.
  • Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of SoundHound AI compared to the broader market.
  • Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.

Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of SoundHound AI's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.

Stay up to date on SoundHound AI analyst ratings.

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Get to Know SoundHound AI Better

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.

SoundHound AI's Economic Impact: An Analysis

Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.

Revenue Growth: SoundHound AI's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 80.48%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company excelled with a growth rate higher than the average among peers.

Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of -108.3%, the company may need to address challenges in effective cost control.

Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -145.51%, the company may need to address challenges in generating satisfactory returns for shareholders.

Return on Assets (ROA): SoundHound AI's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -12.58%, the company may encounter challenges in delivering satisfactory returns from its assets.

Debt Management: SoundHound AI's debt-to-equity ratio is notably higher than the industry average. With a ratio of 6.45, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.

What Are Analyst Ratings?

Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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