SoundHound AI Inc has a consensus price target of $5.73, established from looking at the 22 latest analyst ratings. The last 3 analyst ratings were released from HC Wainwright & Co., Wedbush, and Cantor Fitzgerald on May 13, 2024, May 10, 2024, and April 11, 2024. With an average price target of $6.97 between HC Wainwright & Co., Wedbush, and Cantor Fitzgerald, there's an implied 29.98% upside for SoundHound AI Inc from these 3 analyst ratings.
1calculated from analyst ratings published within the last 3 years
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The latest price target for SoundHound AI (NASDAQ: SOUN) was reported by HC Wainwright & Co. on May 13, 2024. The analyst firm set a price target for $7.00 expecting SOUN to rise to within 12 months (a possible 30.60% upside). 18 analyst firms have reported ratings in the last year.
The latest analyst rating for SoundHound AI (NASDAQ: SOUN) was provided by HC Wainwright & Co., and SoundHound AI reiterated their buy rating.
The last upgrade for SoundHound AI Inc happened on April 11, 2024 when Cantor Fitzgerald raised their price target to $4.9. Cantor Fitzgerald previously had an underweight for SoundHound AI Inc.
The last downgrade for SoundHound AI Inc happened on March 20, 2024 when Cantor Fitzgerald changed their price target from $5.8 to $4.9 for SoundHound AI Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of SoundHound AI, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for SoundHound AI was filed on May 13, 2024 so you should expect the next rating to be made available sometime around May 13, 2025.
While ratings are subjective and will change, the latest SoundHound AI (SOUN) rating was a reiterated with a price target of $0.00 to $7.00. The current price SoundHound AI (SOUN) is trading at is $5.36, which is within the analyst’s predicted range.
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