Wedbush lowered the firm’s price target on SoundHound (SOUN) to $15 from $22 to reflect a lower multiple, while keeping an Outperform rating on the shares. The firm notes the company reported its Q1 earnings, which featured a slight miss on the top line and a beat on the bottom-line as the company continues to capitalize on strong demand for its voice AI solutions.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SOUN:
- SoundHound AI Reports Record Revenue Growth in Q1 2025
- SOUN Earnings: SoundHound’s 151% Revenue Jump Doesn’t Impress Investors
- SoundHound reports Q1 adjusted EPS (6c), consensus (6c)
- SoundHound backs FY25 revenue view $157M-$177M, consensus $165.98M
- SoundHound AI options imply 12.3% move in share price post-earnings
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue