SoundHound AI (SOUN) Stock Draws Bullish Analyst Support Despite Price Target Cuts After Earnings
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SoundHound AI (SOUN) stock has garnered positive analyst attention despite recent price target reductions following its Q1 earnings report. Analysts from Northland Securities and D.A. Davidson have lowered their price targets to $12 while maintaining bullish ratings, indicating a potential upside of approximately 41.68%. The company exceeded revenue expectations but fell short on adjusted EBITDA due to ongoing investments in technology and expansion.
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