SoundHound AI, Inc. (NASDAQ:SOUN) is likely one of the Scorching AI Shares on Wall Road’s Radar. On August 8, DA Davidson analyst Gil Luria raised the worth goal on the inventory to $15.00 (from $10.00) whereas sustaining a Purchase ranking.
The ranking follows in what CEO Keyvan Mohajer referred to as its “strongest ever quarter.” The voice-based artificial-intelligence firm beat income expectations by a large margin, with Mohajer noting that companies are more and more turning to AI for voice-based customer-service choices.
It continues to win giant new logos which has led to speedy progress in its pipeline.
“SoundHound reported an incredible quarter considerably beating income expectations with sequential progress pushed by demand throughout its product set from all industries. SoundHound continues to win giant new logos together with main OEMs and eating places leading to speedy progress in its pipeline. SoundHound is capturing market share throughout an enormous and underpenetrated TAM whereas making progress in the direction of profitability. We reiterate our BUY ranking and lift our worth goal to $15.”
SoundHound AI, Inc. (NASDAQ:SOUN) is a voice synthetic intelligence firm providing voice AI options to companies.
Whereas we acknowledge the potential of SOUN as an funding, we imagine sure AI shares supply larger upside potential and carry much less draw back danger. In the event you’re on the lookout for an especially undervalued AI inventory that additionally stands to learn considerably from Trump-era tariffs and the onshoring development, see our free report on the finest short-term AI inventory.
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