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-0.00495437956204376 -0.00468704379562047 -0.00729014598540149 -0.00474452554744522 0.00228102189781025 0.010948905109489 0.010492700729927 0.00547445255474457
Stock impact report

Why SoundHound AI (SOUN) Shares Are Trading Lower Today [Yahoo! Finance]

SoundHound AI, Inc. - Class A (SOUN) 
Company Research Source: Yahoo! Finance
The firm reduced its price target to $11 from $15, though it maintained a Neutral rating on the stock. This move came after shares had already experienced a significant drop in the previous month, reflecting a wider market rotation away from unprofitable growth stocks. The general market weakness continued, with global shares mostly lower, which likely contributed to the decline. The sentiment was not entirely negative, as some analysts reiterated positive views on the company following demonstrations at the CES trade show. However, the price target cut and broader market downturn overshadowed any positive news. The stock market overreacts to news, and big price drops can present good opportunties to buy high-quality stocks. Is now the time to buy SoundHound AI? Access our full analysis report here SoundHound AI's shares are extremely volatile and have had 76 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningfu Show less Read more
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