Piper Sandler Cuts SoundHound AI (SOUN) PT to $11 Citing Execution Risks, Slow Adoption for Standalone AI Vendors

SoundHound AI Inc. (NASDAQ:SOUN) is 1 of the most buzzing stocks to put successful according to hedge funds. On January 5, Piper Sandler lowered the firm’s terms people connected SoundHound to $11 from $15, portion keeping a Neutral standing connected the shares. The steadfast updated its projections based connected the latest 10-Q filings.

Earlier connected December 11, Cantor Fitzgerald past nighttime upgraded SoundHound to Overweight from Neutral with a terms people of $15, which was brought up from $13. The steadfast suggested that investors capitalize connected the stock’s caller terms dip and noted that the institution efficaciously executed its strategy of cross-selling and upselling AI dependable services to existing clients. The steadfast maintained that SoundHound is simply a premier beneficiary of semipermanent maturation successful the conversational AI sector.

Additionally, a time earlier the Cantor Fitzgerald rating, SoundHound AI Inc. (NASDAQ:SOUN) announced a concern with OpenTable to motorboat a afloat conversational, in-vehicle dependable AI reservations agent. This integration is portion of SoundHound’s expanding in-car dependable commerce level and allows drivers and passengers to observe and publication tables astatine implicit 60,000 restaurants worldwide utilizing earthy connection commands. By connecting straight to OpenTable’s planetary network, the strategy tin cheque real-time availability and unafraid bookings hands-free, eliminating the request for manual app navigation portion driving.

SoundHound AI Inc. (NASDAQ:SOUN) develops autarkic dependable AI solutions that alteration businesses crossed automotive, TV, and IoT, and lawsuit work industries to present high-quality conversational experiences to their customers successful the US, Korea, France, Japan, Germany, and internationally.

While we admit the imaginable of SOUN arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.