Is SoundHound AI Stock a Buy Now?
SoundHound AI (NASDAQ: SOUN) stock soared 16% in a single session after earning a vote of confidence from investment banking and financial services firm Piper Sandler, which initiated coverage of the conversational artificial intelligence (AI) solutions provider with an overweight rating.
Analyst James Fish believes that SoundHound gives investors a solid way to capitalize on the fast-growing market for voice-based AI solutions. However, the analyst's $12 price target on SoundHound, which is in line with the median one-year price target based on the estimates of nine analysts, represents an upside of just 18% from current levels.
Does this mean it is too late for investors to buy this AI company? Let's find out.
Source Fool.com
