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Shares of SoundHound AI (SOUN) surged around 836% in 2024. The voice artificial intelligence (AI) technology leader benefitted from rising demand for its offerings and significant growth opportunities across key verticals such as automotive, restaurants, and customer service.
While SoundHound stock has gained substantially, at least one Wall Street analyst expects shares to reach $26, the Street-high price target. This represents about 45% upside from its last closing price of $17.98 on Jan. 7. Let’s dive deeper into SOUN stock’s outlook for 2025.