In a report released today, Gil Luria from D.A. Davidson maintained a Buy rating on SoundHound AI, Inc Class A (SOUN – Research Report), with a price target of $5.00. The company’s shares opened today at $1.74.
According to TipRanks, Luria is a 5-star analyst with an average return of 11.9% and a 61.90% success rate. Luria covers the Technology sector, focusing on stocks such as Procore Technologies, Braze, and Microsoft.
SoundHound AI, Inc Class A has an analyst consensus of Strong Buy, with a price target consensus of $4.40, representing a 152.87% upside. In a report released today, Northland Securities also assigned a Buy rating to the stock with a $4.00 price target.
See Insiders’ Hot Stocks on TipRanks >>
The company has a one-year high of $5.11 and a one-year low of $0.93. Currently, SoundHound AI, Inc Class A has an average volume of 9.76M.
Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SOUN in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
SoundHound AI, Inc Class A (SOUN) Company Description:
SoundHound AI Inc is an innovator of conversational intelligence, offering an independent Voice AI platform that enables businesses across industries to deliver high-quality conversational experiences to customers.
Read More on SOUN:
- SoundHound AI options imply 9.8% move in share price post-earnings
- Is Now the Time to Buy Penny Stock SoundHound (NASDAQ:SOUN)?
- SoundHound management to meet virtually with DA Davidson
- Will Penny Stock SoundHound (NASDAQ:SOUN) Go Up from Here?
- Samsung, SoundHound team with White Castle to deploy digital signage technology
