- SoundHound AI shares surged by 21.7% following a new partnership with Tencent Intelligent Mobility.
- Analysts' average price target suggests a potential 50.81% upside from the current stock price.
- GuruFocus estimates indicate a possible downside based on GF Value calculations.
SoundHound AI (SOUN, Financial) recently experienced a remarkable surge in its stock price, rising by 21.7% over the past week to close at $9.52. This uptick followed the exciting announcement of a partnership with Tencent Intelligent Mobility. The collaboration is set to integrate SoundHound AI's conversational AI capabilities into automotive cloud solutions, aiming to significantly enhance in-car user experiences through cutting-edge voice technology.
Analyst Price Targets and Recommendations
According to the one-year price targets provided by 7 analysts, the average target price for SoundHound AI Inc (SOUN, Financial) is $14.36. This target encompasses a high estimate of $26.00 and a low estimate of $8.00, indicating a substantial potential upside of 50.81% from the current price of $9.52. For further insight, visit the SoundHound AI Inc (SOUN) Forecast page.
In terms of analyst recommendations, SoundHound AI Inc has achieved an average brokerage recommendation of 2.3, categorizing it as "Outperform" based on insights from 7 brokerage firms. This rating is derived from a scale where 1 equates to "Strong Buy" and 5 corresponds to "Sell."
GF Value Assessment
The GF Value estimate for SoundHound AI Inc (SOUN, Financial) projects a value of $7.46 in one year, implying a potential downside of 21.64% from the current stock price of $9.52. This GF Value reflects GuruFocus' assessment of the fair trading value, based on historical trading multiples, past business growth, and future business performance projections. For a more comprehensive analysis, visit the SoundHound AI Inc (SOUN) Summary page.
