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SoundHound's voice assistant tech is in high demand. The company's sales are growing at a healthy clip.
The artificial intelligence revolution has begun, but some AI stocks still trade at a discount. This small AI company is very attractive for growth investors, but there's a catch.
This little-known AI stock has huge potential upside. But there are a few critical things to know before jumping in.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
So far, the AI boom has mainly benefited hardware companies like Nvidia, which makes chips. Now, SoundHound could help incorporate that technology into consumer-facing software.
Zacks.com users have recently been watching SoundHound AI (SOUN) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
SoundHound AI is well-positioned to rapidly expand its presence in the conversational AI market. Increasing focus on cost optimization can help boost Symbotic's margins in the coming quarters.
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.
SoundHound AI is expanding into enterprise verticals, capitalizing on its recent Amelia acquisition to target new markets. SoundHound's upgraded revenue guidance demonstrates its ability to monetize and scale further. Given its unprofitability, the company must continue to improve its adoption and penetrate more commercial markets.
SoundHound AI is securing mainstream partnerships for its speech recognition software. The company could be on track to develop a voice AI ecosystem.