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0.000910746812386137 0.000910746812386137 -0.0136612021857924 -0.025528233151184 -0.0174134790528233 -0.0177595628415301 -0.0314207650273225 -0.0132058287795992
Stock impact report

Piper Sandler Cuts SoundHound AI (SOUN) PT to $11 Citing Execution Risks, Slow Adoption for Standalone AI Vendors [Yahoo! Finance]

SoundHound AI, Inc. - Class A (SOUN) 
Company Research Source: Yahoo! Finance
the firm's price target on SoundHound to $11 from $15, while keeping a Neutral rating on the shares. The firm updated its projections based on the latest 10-Q filings. Earlier on December 11, Cantor Fitzgerald last night upgraded SoundHound to Overweight from Neutral with a price target of $15, which was brought up from $13. The firm suggested that investors capitalize on the stock's recent price dip and noted that the company effectively executed its strategy of cross-selling and upselling AI voice services to existing clients. The firm maintained that SoundHound is a prime beneficiary of long-term growth in the conversational AI sector. Additionally, a day before the Cantor Fitzgerald rating, SoundHound AI Inc. (NASDAQ:SOUN) announced a partnership with OpenTable to launch a fully conversational, in-vehicle voice AI reservations agent. This integration is part of SoundHound's expanding in-car voice commerce platform and allows drivers and passengers to discover and book tables a Show less Read more
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