DA Davidson Maintains Buy on SoundHound AI, Raises Price Target to $7.5
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Gil Luria has maintained a Buy rating on SoundHound AI (NASDAQ:SOUN) and increased the price target from $5 to $7.5.
March 01, 2024 | 11:41 am
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POSITIVE IMPACT
DA Davidson has reaffirmed its Buy rating on SoundHound AI and raised the price target from $5 to $7.5.
The increase in the price target by a reputable analyst firm like DA Davidson suggests a positive outlook on SoundHound AI's future performance. This endorsement is likely to instill confidence in investors, potentially driving up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100