SoundHound AI is trading 4.2% down at $5.79, amid bearish analyst commentary and deal concerns.
- October 2 coverage said Piper Sandler cut its price target from $7 to $6, maintaining a Neutral rating and citing LivePerson’s declining revenue base after the acquisition.
- The report noted integration concerns after the LivePerson deal milestone, a Kahn Swick & Foti investigation related to prior reporting and control issues, and potential insider share supply.
- Broader markets were higher, pointing to company-specific pressure.