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Subhasree Kar

Why This Analyst Thinks SoundHound Stock Can Still Surge From Here

SoundHound SOUN Scott Buck HC SoundHound AI

In a bold move, H.C. Wainwright analyst Scott Buck recently raised his price target on SoundHound AI (SOUN) stock to a new Street high of $26, marking 84% potential upside from current levels and compelling the market to sit up and take notice. Buck sees more than just the current hype around conversational artificial intelligence (AI), he believes SoundHound has built a scalable voice-AI platform that is starting to land meaningful enterprise contracts and could see substantial margin expansion over time.

SoundHound has expanded into “multimodal” AI (vision and voice) and deepened relationships across verticals, from automotive OEMs to quick-service restaurants and enterprise customer-service deployments. In the automotive segment alone, the in-car voice-commerce opportunity is pegged at $35 billion annually, and SoundHound is securing major wins across global brands.

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