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SoundHound AI: Could the Stock 10X by 2030?

TheMotleyFool

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SoundHound AI: Could the Stock 10X by 2030?Photo, wide shot, wide-angle lens, Consumer electronics manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Peter Lik: https://img.midjourneyapi.xyz/temp/0defe5ca-333a-451e-9549-4f262e278fc7.png

SoundHound AI (NASDAQ: SOUN), a developer of speech and audio recognition services, went public through a merger with a special purpose acquisition company (SPAC) four years ago. Its stock started trading at $8.72, but it's trading below $8 as of this writing.

Could this out-of-favor AI stock bounce back and generate a ten-bagger return by 2030? Let's review its business model, growth rates, and valuations to see where its stock is headed.

Image source: Getty Images.

Source Fool.com

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