SOUN -Income: Soundhound AI jumps after strong Q4 results

Soundhound Ai's shares rose after the trade after the trade after the trade after the hour after the Voice Ai software company had achieved the result in the fourth quarter of the 2024 financial year. The profit per share reached -0.05 US dollars, which defeated the consensus estimate of analysts of $ 0.10 per share. In addition, sales increased by 101% compared to the previous year, whereby the turnover affected $ 34.5 million. This also exceeded the expectations of the analysts of 33.7 million US dollars.

CEO and co -founder of Soundhound Ai, Keyvan Mohajer, attributed the company's success to important customer profits and the expansion of partnerships. In fact, some important customers are Burger King UK and Lucid Motors (LCID).

Soundhound updates guidance

In the future, the management has given the following updated guidelines for 2025:

• GJ25 income between $ 157 million and 177 million US dollars compared to estimates of $ 165.3 million

As you can see, the instructions were better than expected, with the center of 167 million US dollars exceeding consensus estimates. In combination with the company's solid Q4 results, this led to a profit after the hour.

Investoring mood for SOUN shares

The feeling among Tiprank's investors is currently very negative. Of the 789,147 portfolios followed by Tipranks, 2.2% hold the SOUN share. In addition, the average portfolio weighting is 5.14%among those who have a position. This indicates that investors of the company are quite confident in its future. In the last 30 days, however, the percentage change in the number of portfolios that stop the stock has fallen by 1.2%.

Is SOUN shares a good investment?

In Wall Street, analysts have a moderate purchase consensus for stinging shares based on two buyers, two holds and zero sales that have been assigned in the past three months, as stated from the graphic below. After a rally of 45% in his share price last year last year, the average SUN -course goal of $ 16.50 per share means an upward potential of 79.1%. However, it is worth noting that the estimates will probably change according to today's winning report.

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