Latest news with #JamesFish
Globe and Mail
27-05-2025
- Business
- Globe and Mail
Why Shares of SoundHound AI Are Soaring Today
Shares of the voice-powered artificial intelligence (AI) company SoundHound AI(NASDAQ: SOUN) traded nearly 13% higher as of 11:18 a.m. ET today. Analysts at Piper Sandler initiated coverage of the stock Tuesday morning with an overweight rating. A pure play on AI Piper Sandler analyst James Fish wrote in his initiation note that SoundHound, which provides advanced AI voice assistants, is a great way to play the AI trade, and the company has just begun to tap into its potential. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » He added that he sees a combined $30 billion serviceable addressable market by 2027. Furthermore, Fish and his team expect SoundHound to transition to more of a subscription model, in which revenue from this segment of the business could make up 90% of total revenue in just a few years. Two years ago, subscription revenue represented just 4% of total sales. Fish has a price target on the stock of $12, implying another 12% upside, even after this recent rally. Still early in the journey SoundHound AI certainly looks to have a long runway and is making financial progress as well. Revenue in the first quarter of 2025 grew more than 150% year over year, while the company reported $0.31 earnings per share and a $0.06 loss per share on an adjusted basis. With a $4.3 billion market cap, the stock is still expensive, so like many of my recommendations on these AI stocks with big potential, you can start to accumulate shares but don't need to go all in just yet. Should you invest $1,000 in SoundHound AI right now? Before you buy stock in SoundHound AI, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and SoundHound AI wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider whenNetflixmade this list on December 17, 2004... if you invested $1,000 at the time of our recommendation,you'd have $639,271!* Or when Nvidiamade this list on April 15, 2005... if you invested $1,000 at the time of our recommendation,you'd have $804,688!* Now, it's worth notingStock Advisor's total average return is957% — a market-crushing outperformance compared to167%for the S&P 500. Don't miss out on the latest top 10 list, available when you joinStock Advisor. See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Bram Berkowitz has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Yahoo
27-05-2025
- Business
- Yahoo
Why Shares of SoundHound AI Are Soaring Today
Piper Sandler initiated coverage on the stock with an outperform rating. Analysts at Piper see a growing serviceable market and expect the company to transition to more of a subscription model. 10 stocks we like better than SoundHound AI › Shares of the voice-powered artificial intelligence (AI) company SoundHound AI (NASDAQ: SOUN) traded nearly 13% higher as of 11:18 a.m. ET today. Analysts at Piper Sandler initiated coverage of the stock Tuesday morning with an overweight rating. Piper Sandler analyst James Fish wrote in his initiation note that SoundHound, which provides advanced AI voice assistants, is a great way to play the AI trade, and the company has just begun to tap into its potential. He added that he sees a combined $30 billion serviceable addressable market by 2027. Furthermore, Fish and his team expect SoundHound to transition to more of a subscription model, in which revenue from this segment of the business could make up 90% of total revenue in just a few years. Two years ago, subscription revenue represented just 4% of total sales. Fish has a price target on the stock of $12, implying another 12% upside, even after this recent rally. SoundHound AI certainly looks to have a long runway and is making financial progress as well. Revenue in the first quarter of 2025 grew more than 150% year over year, while the company reported $0.31 earnings per share and a $0.06 loss per share on an adjusted basis. With a $4.3 billion market cap, the stock is still expensive, so like many of my recommendations on these AI stocks with big potential, you can start to accumulate shares but don't need to go all in just yet. Before you buy stock in SoundHound AI, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and SoundHound AI wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $639,271!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $804,688!* Now, it's worth noting Stock Advisor's total average return is 957% — a market-crushing outperformance compared to 167% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Bram Berkowitz has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Shares of SoundHound AI Are Soaring Today was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-05-2025
- Business
- Yahoo
SoundHound AI (SOUN) Stock Trades Up, Here Is Why
Shares of voice AI recognition company SoundHound (NASDAQ:SOUN) jumped 12.6% in the morning session after Piper Sandler analyst James Fish initiated coverage on the stock with a Buy rating and a $12 price target. He viewed SoundHound as a compelling AI play, driven by its voice AI platform and exposure to expanding markets like IoT and automotive tech. Fish highlighted strong growth potential due to low current market penetration, rising average selling prices, and new customer wins. However, he noted short-term risks from declining auto production and reduced customer exposure that could temporarily impact performance. Is now the time to buy SoundHound AI? Access our full analysis report here, it's free. SoundHound AI's shares are extremely volatile and have had 92 moves greater than 5% over the last year. But moves this big are rare even for SoundHound AI and indicate this news significantly impacted the market's perception of the business. The biggest move we wrote about over the last year was 3 months ago when the stock dropped 29.4% on the news that a 13F filing from Nvidia revealed that the chipmaker sold its stake in the company. The market reaction suggested investors saw Nvidia's involvement as a vote of confidence, and its exit has introduced uncertainty. SoundHound AI is down 46.3% since the beginning of the year, and at $10.82 per share, it is trading 55.3% below its 52-week high of $24.23 from December 2024. Investors who bought $1,000 worth of SoundHound AI's shares at the IPO in April 2022 would now be looking at an investment worth $1,443. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-05-2025
- Business
- Yahoo
Samsara's New AI Powered Solutions To Accelerate Revenue Growth
Samsara Inc. (NYSE:IOT) has moved to capitalize on the growing demand for solutions with adequate capabilities to enhance customer support. On May 20, the company unveiled the AI-powered platform Upgrade for Smarter Operations, allowing organizations to operate safer and smarter in any climate. The AI-powered solution provides actionable insights that improve safety, efficiency, and decision-making across various operations. Pixabay/Public Domain Additionally, customers can rely on the Samsara solution for mission-critical operations to benefit from secure, scalable, and flexible technology. The solution is trained on more than 14 trillion data points to provide better insights. Additionally, the company's customers have saved over 1.3 million metric tons of C02 by leveraging the platform's features for efficient fuel use. The unveiling of the AI-powered solution for enhancing customer support comes when Samsara's revenues have been rising faster than most companies. Consequently, Piper Sandler analyst James Fish has increased the stock's price target to $53 while reiterating an Overweight rating. According to the analyst, current metrics signal a possible 4% spike in revenue in the current quarter to about $363 million. Samsara's app downloads already suggest more than a 5% revenue increase as the growth aligns with over 33.26% revenue growth in recent quarters. While we acknowledge the potential of Samsara Inc. (NYSE:IOT) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than IOT and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: and . Disclosure: None. Sign in to access your portfolio
Yahoo
21-05-2025
- Business
- Yahoo
Samsara's New AI Powered Solutions To Accelerate Revenue Growth
Samsara Inc. (NYSE:IOT) has moved to capitalize on the growing demand for solutions with adequate capabilities to enhance customer support. On May 20, the company unveiled the AI-powered platform Upgrade for Smarter Operations, allowing organizations to operate safer and smarter in any climate. The AI-powered solution provides actionable insights that improve safety, efficiency, and decision-making across various operations. Pixabay/Public Domain Additionally, customers can rely on the Samsara solution for mission-critical operations to benefit from secure, scalable, and flexible technology. The solution is trained on more than 14 trillion data points to provide better insights. Additionally, the company's customers have saved over 1.3 million metric tons of C02 by leveraging the platform's features for efficient fuel use. The unveiling of the AI-powered solution for enhancing customer support comes when Samsara's revenues have been rising faster than most companies. Consequently, Piper Sandler analyst James Fish has increased the stock's price target to $53 while reiterating an Overweight rating. According to the analyst, current metrics signal a possible 4% spike in revenue in the current quarter to about $363 million. Samsara's app downloads already suggest more than a 5% revenue increase as the growth aligns with over 33.26% revenue growth in recent quarters. While we acknowledge the potential of Samsara Inc. (NYSE:IOT) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than IOT and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: and . Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
