SoundHound AI Stock Has Room to Run After Its Crash, According to 1 Wall Street Analyst. Is the Stock a Buy After a 50% Decline?
From Yahoo Finance: 2024-04-12 02:17:00
SoundHound AI (NASDAQ: SOUN) had a rollercoaster of a year, starting with a 23% loss and then gaining 323% by March 15, followed by a sharp decline by March 30. Analyst Brett Knoblauch upgraded the stock to neutral with a 10% upside target. With concerns about valuation and internal controls, investors should proceed with caution. The Motley Fool Stock Advisor team did not include SoundHound AI in their top 10 stock picks, emphasizing the need for careful consideration before investing $1,000 in this volatile high-flyer.
Read more at Yahoo Finance: SoundHound AI Stock Has Room to Run After Its Crash, According to 1 Wall Street Analyst. Is the Stock a Buy After a 50% Decline?