SoundHound AI shares are trading higher after DA Davidson initiated coverage on the stock with a Buy rating and $5 price target.
Portfolio Pulse from Benzinga Newsdesk
DA Davidson has initiated coverage on SoundHound AI with a Buy rating and a price target of $5. This has led to an increase in the trading of SoundHound AI shares.
September 27, 2023 | 12:32 pm
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SoundHound AI's stock is trading higher following DA Davidson's initiation of coverage with a Buy rating and a $5 price target.
The initiation of coverage by DA Davidson, a well-known financial institution, with a Buy rating indicates a positive outlook for SoundHound AI. This has led to increased trading of the company's shares, indicating a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100