BUZZ-SoundHound AI rises after H.C. Wainwright lifts PT

Reuters

2024-12-23

BUZZ-SoundHound AI rises after H<a href="https://laohu8.com/S/02403">.C</a>. Wainwright lifts PT

** Voice AI platform SoundHound AI's SOUN.O shares rise 1.53% to $22.09 premarket

** Brokerage H.C. Wainwright raises PT to $26 from $8

** New PT is a 19.5% upside to stock's Dec. 20 close

** SOUN shares have risen 187.7% vs a 6.2% decline in the Russell 2000 index since the company posted Q3 results on Nov. 12, the brokerage says

** Brokerage says co's "outperformance" driven by increasing demand for its AI-enabled services; SUON signed new contracts with Church’s Texas Chicken and Torchy's Tacos, which have over 1,600 locations combined

** Brokerage says SOUN's rarity as a pure-play AI company justifies premium valuation, and that its $7 bln+ market cap attracts institutional investors

** Brokerage values SOUN at 48x enterprise value to revenue, in line with "high quality AI peers, which are currently trading as high as 58.0x 2025 revenue estimates"

** Avg. rating of seven brokerages is "buy"; median PT $9 - LSEG

** As of last close, stock has risen 926.2% YTD

(Reporting by Kamal Choudhury in Bengaluru)

((Kamal.Choudhury@thomsonreuters.com;))

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Wainwright lifts PT\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-12-23 20:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-SoundHound AI rises after H<a href=\"https://laohu8.com/S/02403\">.C</a>. Wainwright lifts PT</title></head><body><p>** Voice AI platform SoundHound AI's <span>SOUN.O</span> shares rise 1.53% to $22.09 premarket</p><p>** Brokerage H.C. Wainwright raises PT to $26 from $8</p><p>** New PT is a 19.5% upside to stock's Dec. 20 close</p><p>** SOUN shares have <span>risen </span>187.7% vs a 6.2% decline in the Russell 2000 index <span>since the company posted Q3 results on Nov. 12</span>, the brokerage <span>says</span></p><p>** Brokerage says co's \"outperformance\" driven by increasing demand for <span>its </span>AI-enabled services; <span>SUON signed </span>new contracts with Church’s Texas Chicken and Torchy's Tacos, which have over 1,600 locations combined</p><p>** Brokerage says SOUN's rarity as a pure-play AI company justifies premium valuation, and <span>that </span>its $7 bln+ market cap attracts institutional investors</p><p>** Brokerage values SOUN at 48x enterprise value to revenue, in line with <span>\"high quality AI peers, which are currently trading as high as 58.0x 2025 revenue estimates\"</span></p><p>** Avg. rating of seven brokerages is \"buy\"; median PT $9 - LSEG</p><p>** As of last close, stock has risen 926.2% YTD</p><p> (Reporting by Kamal Choudhury in Bengaluru)</p><p> ((Kamal.Choudhury@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4587","symbol_name":"ChatGPT概念","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241223:nL4N3NO0M5:1","article_id":"2493756472","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2493756472","pubTimestamp":1734955263,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-SoundHound AI rises after H.C. Wainwright lifts PT** Voice AI platform SoundHound AI's SOUN.O shares rise 1.53% to $22.09 premarket** Brokerage H.C. Wainwright raises PT to $26 from $8** New PT is a 19.5% upside to stock's Dec. 20 close** SOUN shares have risen 187.7% vs a 6.2% decline in the Russell 2000 index since the company posted Q3 results on Nov. 12, the brokerage says** Brokerage says co's \"outperformance\" driven by increasing demand for its AI-enabled services; SUON signed new contracts with Church’s Texas Chicken and Torchy's Tacos, which have over 1,600 locations combined** Brokerage says SOUN's rarity as a pure-play AI company justifies premium valuation, and that its $7 bln+ market cap attracts institutional investors** Brokerage values SOUN at 48x enterprise value to revenue, in line with \"high quality AI peers, which are currently trading as high as 58.0x 2025 revenue estimates\"** Avg. rating of seven brokerages is \"buy\"; median PT $9 - LSEG** As of last close, sto","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4587":"ChatGPT概念","BK4547":"WSB热门概念","BK4023":"应用软件","SOUN":"SoundHound AI Inc"},"translate_title":"嗡嗡声猎犬人工智能在H.C.之后崛起。温赖特电梯PT","themeId":"16065709cc0fc0979fe0f119ec78e187","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SOUN":0.9},"content_text":"BUZZ-SoundHound AI rises after H.C. Wainwright lifts PT** Voice AI platform SoundHound AI's SOUN.O shares rise 1.53% to $22.09 premarket** Brokerage H.C. Wainwright raises PT to $26 from $8** New PT is a 19.5% upside to stock's Dec. 20 close** SOUN shares have risen 187.7% vs a 6.2% decline in the Russell 2000 index since the company posted Q3 results on Nov. 12, the brokerage says** Brokerage says co's \"outperformance\" driven by increasing demand for its AI-enabled services; SUON signed new contracts with Church’s Texas Chicken and Torchy's Tacos, which have over 1,600 locations combined** Brokerage says SOUN's rarity as a pure-play AI company justifies premium valuation, and that its $7 bln+ market cap attracts institutional investors** Brokerage values SOUN at 48x enterprise value to revenue, in line with \"high quality AI peers, which are currently trading as high as 58.0x 2025 revenue estimates\"** Avg. rating of seven brokerages is \"buy\"; median PT $9 - LSEG** As of last close, stock has risen 926.2% YTD (Reporting by Kamal Choudhury in Bengaluru) ((Kamal.Choudhury@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}