SoundHound AI, Inc Class A ( (SOUN) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
SoundHound AI, Inc Class A shares have been affected by a broader downturn in the Infrastructure and AI Software sector, which has underperformed this year. The IGV software benchmark has dropped by 10%, prompting Cantor Fitzgerald to lower its price target for the company from $10 to $8.50, while maintaining a Neutral rating.
More about SoundHound AI, Inc Class A
YTD Price Performance: -59.33%
Average Trading Volume: 46,165,304
Technical Sentiment Signal: Sell
Current Market Cap: $3.24B
For further insights into SOUN stock on TipRanks’ Stock Analysis page.
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