SoundHound AI shares are trading higher after Cantor Fitzgerald raised its price target on the stock from $2.80 to $6.20.
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald raised its price target on SoundHound AI shares from $2.80 to $6.20, causing the stock to trade higher.
June 22, 2023 | 4:20 pm
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SoundHound AI's stock price is trading higher after Cantor Fitzgerald raised its price target from $2.80 to $6.20.
Cantor Fitzgerald's increased price target on SoundHound AI shares directly impacts the stock price, as it signals a positive outlook on the company's future performance. This leads to increased investor confidence and demand for the stock, causing the stock price to trade higher.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100