DA Davidson Initiates Coverage On SoundHound AI with Buy Rating, Announces Price Target of $5
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Gil Luria initiates coverage on SoundHound AI (NASDAQ:SOUN) with a Buy rating and announces a price target of $5.
September 27, 2023 | 9:03 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
SoundHound AI receives a Buy rating from DA Davidson with a price target of $5.
The Buy rating from DA Davidson is a positive signal for SoundHound AI. It indicates that the analyst believes the company's stock is expected to outperform the market or its sector in the short term. The price target of $5 also suggests that the analyst sees significant upside potential in the stock. This could lead to increased investor interest and potentially a rise in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100