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SoundHound AI Inc has a consensus price target of $7.08 based on the ratings of 6 analysts. The high is $9.5 issued by DA Davidson on March 15, 2024. The low is $4 issued by Ladenburg Thalmann on January 30, 2024. The 3 most-recent analyst ratings were released by HC Wainwright & Co., Northland Capital Markets, and Cantor Fitzgerald on August 12, 2024, August 9, 2024, and August 9, 2024, respectively. With an average price target of $6.67 between HC Wainwright & Co., Northland Capital Markets, and Cantor Fitzgerald, there's an implied 32.28% upside for SoundHound AI Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for SoundHound AI (NASDAQ:SOUN) was reported by HC Wainwright & Co. on August 12, 2024. The analyst firm set a price target for $7.00 expecting SOUN to rise to within 12 months (a possible 38.89% upside). 20 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 August 9, 2024 when Cantor Fitzgerald raised their price target to $7. Cantor Fitzgerald previously had a neutral 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 August 12, 2024 so you should expect the next rating to be made available sometime around August 12, 2025.
While ratings are subjective and will change, the latest SoundHound AI (SOUN) rating was a reiterated with a price target of $7.00 to $7.00. The current price SoundHound AI (SOUN) is trading at is $5.04, which is out of the analyst’s predicted range.
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