SoundHound Stock Is Up Over 700% This Year. Analyst Says It Has More Room to Run.

SoundHound AI stock has had a massive run in 2024, and a Wedbush analyst is confident the its artificial intelligence voice technology will help push the stock even higher in the new year. Dan Ives increased his price target on SoundHound to $22 from $10 on Monday, which implies a 30% increase from the stock’s closing price of $16.91 on Friday. Ives also maintained his Outperform rating on the stock.