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home / news releases / SOUN - SoundHound: The Selloff Might Be Massive


SOUN - SoundHound: The Selloff Might Be Massive

2024-05-16 09:31:23 ET

Summary

  • According to my optimistic discounted cash flow model, the stock's fair price is $1.2, more than four times lower than the last close.
  • The company is at the early innings of its development, meaning that there is an extremely high level of uncertainty regarding the ability to sustain its staggering revenue growth momentum.
  • SoundHound's offerings appear interesting and potentially disruptive, but the valuation is far from being sound. Therefore, I will start considering buying the stock when it drops below $1 per share.

Introduction

For further details see:

SoundHound: The Selloff Might Be Massive
Stock Information

Company Name: SoundHound AI Inc.
Stock Symbol: SOUN
Market: NASDAQ
Website: soundhound.com

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