SOUN - SoundHound AI Stock: Not Yet A Buy But Keep It On Your Watch List
2024-04-15 14:37:51 ET
Summary
- SoundHound AI, Inc. is a small-cap stock competing in the voice AI market against big-tech entities.
- The company's revenue is growing at an impressive pace (47% CAGR over 2 years) and is expected to continue growing at a better pace of 50% CAGR through FY25.
- SoundHound AI's revenue is gradually shifting towards usage-based monthly subscription revenue, whilst its cost base is showing signs of improvement, with an EBITDA positive destination by FY25.
- We close with some thoughts on the SoundHound AI, Inc. technical picture.
Why SOUN Should Be On Your Watch List
SoundHound AI, Inc. ( SOUN ) is a small-cap stock that is building clout in the burgeoning voice AI market. SOUN here largely competes against big-tech entities that choose not to deploy dedicated resources towards this endeavor and rather just see it as just another standardized cog in their overall value proposition. SOUN, on the other hand, runs a dedicated voice AI platform which is founded on its own proprietary technology. Its solutions can work either on the cloud or via hardware....
SoundHound AI Stock: Not Yet A Buy, But Keep It On Your Watch List