SoundHound: Acquisition Makes Me Jittery [Seeking Alpha]
SoundHound AI, Inc. (SOUN)
Company Research
Source: Seeking Alpha
8min Summary SoundHound AI's stock has surged over 100% YTD, driven by a raised revenue outlook and strategic acquisitions, but questions remain about the sustainability of this growth. The company's recent acquisition of Amelia AI, while potentially synergistic, raises concerns about SoundHound's reliance on M&A versus organic growth. The Amelia deal is costly, involving $80 million in cash and stock, $39 million in assumed debt, and generous equity awards for Amelia's employees. The stock already trades at a generous ~10x forward revenue multiple. With no guarantees that its M&A strategy will play out, I prefer to remain on the sidelines with a neutral rating. Sundry Photography Though the markets have shown signs of fatigue with a recent fall from peaks, many of the AI stocks that powered this year's rally are still up by unimaginable levels this year. Included among them is one company you've likely This article was written by Gary Alexander 28.9K Follower s
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SOUN
News
- SoundHound AI, Inc. (SOUN) Suffers a Larger Drop Than the General Market: Key Insights [Yahoo! Finance]Yahoo! Finance
- Generative AI Is Exploding: 2 Monster Stocks to Buy Now [Yahoo! Finance]Yahoo! Finance
- Here is What to Know Beyond Why SoundHound AI, Inc. (SOUN) is a Trending Stock [Yahoo! Finance]Yahoo! Finance
- SoundHound AI, Inc. (NASDAQ: SOUN) had its "buy" rating re-affirmed by analysts at DA Davidson. They now have a $9.50 price target on the stock.MarketBeat
- Here's How the Fed's Big Rate Cut Could Affect These 2 Artificial Intelligence (AI) Stocks [Yahoo! Finance]Yahoo! Finance
SOUN
Earnings
- 8/8/24 - Beat
SOUN
Sec Filings
- 9/24/24 - Form 4
- 9/24/24 - Form 4
- 9/24/24 - Form 4
- SOUN's page on the SEC website