SoundHound AI: More Compelling After The Acquisitions - Upgrade To Speculative Buy [Seeking Alpha]
SoundHound AI, Inc. (SOUN)
Company Research
Source: Seeking Alpha
Follow Summary SOUN's stock remains speculative due to its nascent start-up stage, numerous acquisitions, equity dilution, and impacted profit margins. Despite the growing multi-year backlog, the SaaS company's deteriorating gross margins (from the acquisitions) highlight its lack of operating scale. Even so, SOUN's acquisitions already trigger the near tripling of its TAM by 2026, with it likely to flow into its long-term top/ bottom-line prospects. We shall discuss why we are upgrading the stock to a speculative Buy, while offering interested investors with numerous caveats to note. vaeenma SOUN's Investment Thesis Remains On The Speculative Side, Albeit More Compelling After The Accretive Acquisitions We previously covered SoundHound AI, Inc. NASDAQ: SOUN ) in June 2024, discussing why we chose to reiterate our Hold (Neutral) rating despite the drastic stock price pullback Recommended For You About SOUN Stock Related Stocks Trending Analysis Trending News
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SOUN
News
- Opinion: This Is the Most Overlooked Artificial Intelligence (AI) Stock to Buy Right Now [Yahoo! Finance]Yahoo! Finance
- Forget Nvidia, This AI Growth Stock Might Be a Better Buy [Yahoo! Finance]Yahoo! Finance
- SOUN Declines 10.5% in a Month: Can AI Push Help the Stock Rebound? [Yahoo! Finance]Yahoo! Finance
- 1 Top Artificial Intelligence (AI) Stock Ready for a Bull Run [Yahoo! Finance]Yahoo! Finance
- SoundHound AI: High-Growth Contender Poised To Dominate The Voice AI Market [Seeking Alpha]Seeking Alpha
SOUN
Earnings
- 8/8/24 - Beat
SOUN
Sec Filings
- 8/22/24 - Form 4
- 8/9/24 - Form 10-Q
- 8/8/24 - Form 8-K
- SOUN's page on the SEC website