Beyond The Numbers: 6 Analysts Discuss SoundHound AI Stock

In the preceding three months, 6 analysts have released ratings for SoundHound AI SOUN, presenting a wide array of perspectives from bullish to bearish.

The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.

Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $16.0, a high estimate of $26.00, and a low estimate of $7.00. This current average has increased by 47.74% from the previous average price target of $10.83.

Investigating Analyst Ratings: An Elaborate Study

The standing of SoundHound AI among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

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: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of SoundHound AI compared to the broader market.
• Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of SoundHound AI's stock. This examination reveals shifts in analysts' expectations over time.

Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into SoundHound AI's market standing. Stay informed and make well-considered decisions with our Ratings Table.

Stay up to date on SoundHound AI analyst ratings.

All You Need to Know About SoundHound AI

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: Delving into Financials

Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.

Positive Revenue Trend: Examining SoundHound AI's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 89.13% as of 30 September, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Information Technology sector.

Net Margin: SoundHound AI's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -86.68%, the company may face hurdles in effective cost management.

Return on Equity (ROE): SoundHound AI's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -8.37%, the company may face hurdles in achieving optimal financial returns.

Return on Assets (ROA): SoundHound AI's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -5.68%, the company may encounter challenges in delivering satisfactory returns from its assets.

Debt Management: SoundHound AI's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.15.

Analyst Ratings: Simplified

Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.

Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.

Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.

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