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Analysts Offer Insights on Technology Companies: SoundHound AI, Inc Class A (SOUN) and Varonis Systems (VRNS)

Analysts have been eager to weigh in on the Technology sector with new ratings on SoundHound AI, Inc Class A (SOUNResearch Report) and Varonis Systems (VRNSResearch Report).

SoundHound AI, Inc Class A (SOUN)

In a report released today, Scott Buck from H.C. Wainwright reiterated a Buy rating on SoundHound AI, Inc Class A, with a price target of $7.00. The company’s shares closed last Friday at $5.09.

According to TipRanks.com, Buck is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -14.7% and a 31.4% success rate. Buck covers the Technology sector, focusing on stocks such as Mogo Finance Technology, Intellicheck Mobilisia, and Lightpath Technologies.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for SoundHound AI, Inc Class A with a $7.15 average price target, which is a 28.8% upside from current levels. In a report issued on May 10, Wedbush also maintained a Buy rating on the stock with a $9.00 price target.

See today’s best-performing stocks on TipRanks >>

Varonis Systems (VRNS)

Needham analyst Alex Henderson maintained a Hold rating on Varonis Systems today. The company’s shares closed last Friday at $44.51.

According to TipRanks.com, Henderson is a 5-star analyst with an average return of 11.8% and a 55.3% success rate. Henderson covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, CyberArk Software, and Ceragon Networks.

Varonis Systems has an analyst consensus of Moderate Buy, with a price target consensus of $52.29, a 15.8% upside from current levels. In a report issued on April 29, Wells Fargo also maintained a Hold rating on the stock with a $45.00 price target.

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