SoundHound upgraded to Overweight from Neutral at Cantor Fitzgerald

Cantor Fitzgerald analyst Brett Knoblauch upgraded SoundHound to Overweight from Neutral with a price target of $2.20, down from $2.30. Knoblauch believe the value at which SoundHound went public in April was "overly optimistic, but thinks the 87% pullback in shares since then and a 30.2% pullback since reporting Q3 results on November 10 have resulted in a much better risk-reward profile, the analyst tells investors in a research note. He thinks SoundHound’s Dynamic Interaction could be a game-changing technology.