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Spotify's stock rebounded off its 50-day moving average, making it actionable after clearing a monthlong downtrend. Analysts expect the company to report earnings of $2.07 per share on February 4, with projections of adding 7.9 million premium subscribers in Q4, bringing the total to 259.9 million. Morgan Stanley and BofA Securities both label Spotify as a "top pick" for 2025, citing its market-leading position and potential for profitability.
SoundHound AI (SOUN) received a price-target increase from H.C. Wainwright analyst Scott Buck, who raised it from $8 to $26, citing growing demand for the company's voice AI technology. Despite a recent 9.2% drop in stock price to $19.75, the stock has surged 831% year-to-date, driven by contracts with major restaurant chains and potential expansion into retail, healthcare, and financial services. SoundHound holds an IBD Composite Rating of 87, indicating strong growth potential.
Supermicro's stock (SMCI) fell over 6% to $33.92 after being removed from the Nasdaq 100 index, dropping below its 50-day moving average. Despite accounting issues and delayed financial reports, customer orders remain stable, with a year-to-date increase of 20% from a split-adjusted high of $122.90 in March.
Patrick Seitz
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
spotify stock rebounds as analysts predict strong growth and profitability
18:30 03.01.2025
soundhound ai stock price target raised amid growing demand for voice technology
17:24 23.12.2024
Supermicro stock declines after removal from Nasdaq 100 index
16:57 16.12.2024
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