Northland Lowers SoundHound Price Target to $12 but Maintains Outperform Rating
On May 8, Northland reduced its price target for SoundHound (NASDAQ:SOUN) from $14 to $12 while keeping an 'Outperform' rating. The firm cited a slight revenue beat and missed EBITDA estimates due to growth investments as reasons for the adjustment.
Tickers: $SOUN
Topics: AI EBITDA Guidance M&A Activity Revenue Growth