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SOUN’s Strong Revenue Growth and Bullish Outlook

Written By: ChartChamp

May 13, 2024

$SOUN delivered strong results on a huge earnings announcement last week, in which there was a lot of doubt about SOUN’s growth potential. SOUN reported revenue of $11.59 million, 14.79% better than the analyst estimate for revenue of $10.10 million. SOUN’s has been experiencing strong quarterly revenue growth, particularly the +80.5% revenue growth in Q4’23 and +72.9% in Q1’24. Analysts are overwhelmingly bullish on SOUN with 13 buy, 2 hold, and 1 sell ratings within the past year. I’ve been bullish on SOUN, I believe this stock is going to perform very well in ’24. I have $8 as a key resistance level ahead, and I have previous all time highs, $14.98, as a key long term target. I believe SOUN will eventually form new all time highs.

SOUN Strong Pump to Start the Week

Last Friday $SOUN broke a lot of hearts by pumping to $6 before selling off and dropping back down to $5.10. However, SOUN is picking up where it started with a strong pump to start off the week.

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