Stock Track | SoundHound AI Soars 5.03% in Pre-Market on Bullish Analyst Call and Growing AI Adoption

Stock Track
2024-12-23

SoundHound AI Inc (SOUN) stock surged 5.03% in the pre-market session on Monday, driven by a bullish analyst call and the company's rising adoption of its AI-enabled voice services across various industries.

H.C. Wainwright analyst Scott Buck raised the firm's price target on SoundHound to $26 from $8, citing the strong demand for the company's AI-powered solutions. According to Buck, SoundHound's outperformance is fueled by the increasing demand for its AI-enabled services, as evidenced by the recent contracts signed with Church's Texas Chicken and Torchy's Tacos, which have over 1,600 combined locations.

Moreover, SoundHound's unique positioning as a pure-play AI company with a market capitalization exceeding $7 billion has attracted institutional investors' attention. The analyst values SoundHound at 48 times its enterprise value to revenue, in line with "high quality AI peers, which are currently trading as high as 58.0x 2025 revenue estimates."

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10