SoundHound AI Stock Surges Amid Bullish Analyst Coverage
SoundHound AI (SOUN) shares jumped 17.3% in Monday's trading, defying broader market downturns. The rally follows last week's strong quarterly results and a Ladenburg analyst upgrade from neutral to buy, with a new $16 price target—just shy of the stock's $15.90 close.
Despite a 20% year-to-date decline, the conversational AI specialist now trades at 38 times forward sales. Ladenburg cited contract momentum and long-term growth potential, but thin software margins and stretched valuations signal heightened risk.