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SoundHound AI, Inc. (SOUN) currently has an average brokerage recommendation (ABR) of 1.86, indicating a favorable rating between Strong Buy and Buy, based on recommendations from seven brokerage firms. Of these recommendations, 57.1% (four firms) are classified as Strong Buy.
Despite this positive ABR, analysts caution that relying solely on these recommendations may not be advisable due to inherent biases from brokerage firms, which tend to issue more favorable ratings than warranted, with five Strong Buy ratings for every Strong Sell. The Zacks Consensus Estimate for SoundHound AI’s earnings remains unchanged at -$0.16, resulting in a Zacks Rank #3 (Hold), suggesting a cautious approach to investment.
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