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Is SoundHound AI Stock a Buy?

TheMotleyFool

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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

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