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Stock impact report

SoundHound AI (SOUN) Gets Fresh Vote of Confidence From DA Davidson After CFO Meetings [Yahoo! Finance]

SoundHound AI, Inc. - Class A (SOUN) 
Company Research Source: Yahoo! Finance
Buy rating and $17.00 price target on the stock following a day of investor meetings with SoundHound's CFO Nitesh Sharan. The firm is constructive on SoundHound, citing stronger visibility and confidence in its strategic roadmap. From gaining insights on why the company acquired Interactions to learning details about the economics of SoundHound's developing voice commerce business, the investor meeting has led the firm to gain useful clarity on the stock. DA Davidson now believes that SoundHound is “well positioned” for high growth. “Yesterday we hosted a day of investor meetings with SoundHound's CFO Nitesh Sharan. We came away with greater clarity on the trajectory of SoundHound's different growth vectors and the margin potential of the business. We heard more from management about the strategic intent behind its Interactions acquisition as well as color around the economics of its emerging voice commerce business. We continue to view SoundHound as well positioned for high gro Show less Read more
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