Wedbush analyst Daniel Ives on Sunday raised the price target for SoundHound AI stock from $10 to $22, reiterating an ‘Outperform’ rating.
About 22.08% of SoundHound AI's outstanding shares are shorted, making it an ideal candidate for a short squeeze.
SoundHound AI said its smart ordering product has been trained on the entirety of Torchy’s Tacos menu.
A CRL is a communication from the FDA that the agency cannot approve a pending regulatory application before it in its present form.
The brokerage expects a compound annual growth rate (CAGR) of about 24% in EPS after the current fiscal 2024.
The CEO noted that the findings also impact the company’s second Phase 3 trial, ReFocus-ALZ, which has now been discontinued alongside an Open Label Extension study.
Vonglis will help manage Nano Nuclear’s key government relationships
The new hire’s background includes CFO roles at several biotech firms acquired in high-profile deals, such as Sirna Therapeutics (acquired by Merck) and ILEX Oncology (acquired by Genzyme).
The 16 restaurants in the deal represent a “significant incremental addition” to the 45 total franchised restaurants the company has acquired across six transactions since May 2023.
Earnings per share (EPS) came in at $0.15, above consensus estimates of $0.12. Revenues stood at $937.1 million, 0.07% estimated by analysts.