Northland lowered the firm’s price target on SoundHound (SOUN) to $12 from $14 and keeps an Outperform rating on the shares. The firm is maintaining is revenue estimates and lowering adjusted EBITDA after the company slightly beat the firm’s Q1 revenue estimate and missed on EBITDA given investments in tech and growth.
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Read More on SOUN:
- SoundHound AI Stock (SOUN) Plunges Despite Q1 Beat — What Spooked Investors?
- SoundHound backs FY26 revenue view $225M-$260M, consensus $232.78M
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