Is SoundHound AI Stock a Buy?
The rapidly growing artificial intelligence (AI) market fueled a surge in the price of many AI-focused stocks. One of these is SoundHound AI (NASDAQ: SOUN).
Over the past 12 months, its stock skyrocketed an eye-popping 848% through Jan. 6. Part of these gains are due to its status as a meme stock. Another driver was H.C. Wainwright analysts boosting SoundHound's price target to $26 in December.
Given the stock's massive price increase, it's fair to wonder whether SoundHound shares are a buy. Here's a look at the business to help determine if now is the time to invest in this AI company.
Source Fool.com
