{"id":46626,"date":"2024-03-01T12:26:41","date_gmt":"2024-03-01T12:26:41","guid":{"rendered":"https:\/?p=46626"},"modified":"2024-03-01T12:26:41","modified_gmt":"2024-03-01T12:26:41","slug":"soun-stock-plunges-after-q4-earnings-miss","status":"publish","type":"post","link":"https:\/\/www.stocktargetadvisor.com\/blog\/soun-stock-plunges-after-q4-earnings-miss\/","title":{"rendered":"SOUN Stock Plunges After Q4 Earnings Miss"},"content":{"rendered":"<p><span style=\"font-weight: 400;\"><strong><a href=\"https:\/\/www.stocktargetadvisor.com\/stock\/USA\/NSD\/SOUN\">SoundHound AI (SOUN: NSD<\/a><\/strong>) stock price took a tumble in after-hours trading on Thursday after the company reported lower-than-expected sales and earnings for the Q4.<\/span><\/p>\n<p><!-- STA Widget BEGIN --><\/p>\n<div>\n<div class=\"sta-analyst-rating-widget-display\">\n<p><a style=\"text-decoration: none; color: #4b6db5 !important;\" href=\"https:\/\/www.stocktargetadvisor.com\/stock\/USA\/NSD\/SOUN\" target=\"_blank\" rel=\"noopener\">SOUN Ratings<\/a> by Stock Target Advisor<\/p>\n<\/div>\n<p><script class=\"analyst-rating\" type=\"text\/javascript\" src=\"https:\/\/www.stocktargetadvisor.com\/assets\/js\/analyst_rating_widget.js\" data-symbol=\"SOUN\" data-theme=\"wt_bg_trans\" data-uid=\"160620046665e1c8edda05565e1c8edda056\" data-width=\"700\" >\n\t\t<\/script><\/p>\n<\/div>\n<h2><strong>Stock Target Advisor&#8217;s Take on SoundHound:\u00a0<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\"><strong><a href=\"https:\/\/www.stocktargetadvisor.com\/\">Stock Target Advisor<\/a><\/strong> rates SoundHound AI as a Strong Sell. Conversely, the average analyst target price stands at $4.60. The possible discrepancy highlights the optimistic hold of market analysts over their rating of &#8216;Strong Buy&#8217; for SoundHound AI.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">SoundHound AI&#8217;s stock is covered by five market analysts, all exhibiting faith in the company&#8217;s future with a &#8216;Strong Buy&#8217; rating. The average target price is $4.60, with expectations ranging between $3.6 at the minimum, all the way to the $5 mark at maximum.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The <strong><a href=\"https:\/\/www.stocktargetadvisor.com\/screens\/industries\/Software-Application\">software-application<\/a><\/strong> sector on the NSD Exchange boasts several stalwart stocks such as Intuit Inc, Workday Inc, among others. In the recent past, the sector has taken a small dip, with monthly returns of -2.35%. However, it recouped some of these losses over the last week, boasting a modest return of 0.44%.<\/span><\/p>\n<h2><strong>SoundHound AI\u2019s Recent Quarters Report:<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">The company&#8217;s Q4 miss throws cold water on the stock&#8217;s recent hot streak, with shares <\/span><b>plummeting over 21%<\/b><span style=\"font-weight: 400;\"> in after-hours trading. This significant drop reflects investor disappointment with the company&#8217;s performance, which fell short of analysts&#8217; expectations.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While the specific details of the earnings report haven&#8217;t been released yet, the news is enough to spook investors who had been riding the wave of SOUN&#8217;s recent surge. It remains to be seen how the stock will perform in the coming days as investors digest the full picture of SoundHound&#8217;s Q4 results.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SoundHound AI (SOUN: NSD) stock price took a tumble in after-hours trading on Thursday after the company reported lower-than-expected sales and earnings for the Q4&#8230;.<\/p>\n","protected":false},"author":17,"featured_media":36064,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-46626","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.4 (Yoast SEO v21.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SOUN Stock Plunges After Q4 Earnings Miss<\/title>\n<meta name=\"description\" content=\"SoundHound AI stock tumbles over 21% in after-hours trading after Q4 earnings miss, sending its recent rally screeching to a halt.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.stocktargetadvisor.com\/blog\/soun-stock-plunges-after-q4-earnings-miss\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SOUN Stock Plunges After Q4 Earnings Miss\" \/>\n<meta property=\"og:description\" content=\"SoundHound AI stock tumbles over 21% in after-hours trading after Q4 earnings miss, sending its recent rally screeching to a halt.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.stocktargetadvisor.com\/blog\/soun-stock-plunges-after-q4-earnings-miss\/\" \/>\n<meta property=\"og:site_name\" content=\"Stock Target Advisor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/StockTargetAdvisor\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-01T12:26:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.stocktargetadvisor.com\/blog\/wp-content\/uploads\/2023\/06\/STA-Banner.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Muzzammil Ahmad\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/x.com\/Muzzammil625\" \/>\n<meta name=\"twitter:site\" content=\"@AdvisorTarget\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Muzzammil Ahmad\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.stocktargetadvisor.com\/blog\/soun-stock-plunges-after-q4-earnings-miss\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.stocktargetadvisor.com\/blog\/soun-stock-plunges-after-q4-earnings-miss\/\"},\"author\":{\"name\":\"Muzzammil Ahmad\",\"@id\":\"https:\/\/www.stocktargetadvisor.com\/blog\/#\/schema\/person\/81d743c6903933055039390e1e98b5f8\"},\"headline\":\"SOUN Stock Plunges After Q4 Earnings Miss\",\"datePublished\":\"2024-03-01T12:26:41+00:00\",\"dateModified\":\"2024-03-01T12:26:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.stocktargetadvisor.com\/blog\/soun-stock-plunges-after-q4-earnings-miss\/\"},\"wordCount\":268,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.stocktargetadvisor.com\/blog\/#organization\"},\"articleSection\":[\"Market News &amp; 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