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
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For further details see:
SoundHound: The Selloff Might Be Massive