Reported about 8 hours ago
Investors in SoundHound AI have seen their stock soar 272% in 2024, mainly due to strong demand for its voice AI solutions and a stake from Nvidia. The company expects further growth, aiming for $155 million to $175 million in revenue next year, thanks to an acquisition of Amelia for enhancing customer service capabilities. However, analysts maintain a cautious outlook, projecting only an 8% stock price increase in the next 12 months, as SoundHound currently trades at a high valuation of 36 times its sales. Investors should be prepared for potential risks in their investment journey.
Source: YAHOO