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Benzinga

Business

Henry Khederian

What's Going On With SoundHound AI (SOUN) Stock?

SOUN SoundHound Soundhound AI Inc

SoundHound

Shares of SoundHound AI Inc (NASDAQ:SOUN) are trading higher Wednesday afternoon. The stock is up 15.5% over the trailing week, contributing to an approximate 30% gain for the second quarter. This surge is supported by optimistic analyst coverage, signaling potential for further growth.

What To Know: In recent weeks, financial analysts have shown confidence in the voice AI company. Piper Sandler initiated coverage with a $12 price target, while Wedbush and HC Wainwright reiterated their positive stances, setting price targets of $15 and $18, respectively.

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