#sounstocktoday #soundhoundaistocknews #soundhoundstockanalysis

SoundHound AI Inc. (NASDAQ:SOUN) shares surged 7% in premarket trading following an analyst's decision to raise the price target to $22, the highest among Wall Street analysts.

The stock has seen remarkable growth, rising 24% on Friday and 124% over the past month, with a year-to-date increase of nearly 700%. The analyst cited elevated momentum in SoundHound's growth story and increasing demand for its voice AI solutions as reasons for the upgrade, maintaining an Outperform rating.

SoundHound's innovative technology stack, which offers Chat AI integrations across automotive, restaurant, and e-commerce sectors, is gaining traction with its recurring revenue software model. The company is positioned to capitalize on the potential $1 trillion enterprise AI opportunity in the coming years, with the analyst expressing confidence in SoundHound as a long-term winner in the AI revolution.

свернуть