SoundHound AI Stock (SOUN) Receives Street-High Price Target of $26 Amid AI Sector Optimism
SoundHound AI shares gained 1.26% in pre-market trading after H.C. Wainwright analyst Scott Buck raised his price target to $26 - the highest on Wall Street. The voice recognition specialist now trades at a premium as investors bet on AI adoption across industries.
Buck maintains his Buy rating, acknowledging short-term momentum but emphasizing long-term fundamentals. "Animal spirits are driving the current valuation," he noted, while projecting sustainable growth from enterprise demand for conversational AI solutions.