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Wedbush Thinks SoundHound AI, Inc Class A’s Stock is Going to Recover

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In a report released today, Daniel Ives from Wedbush initiated coverage with a Buy rating on SoundHound AI, Inc Class A (SOUNResearch Report) and a price target of $7.00. The company’s shares closed last Monday at $2.94, close to its 52-week low of $2.55.

According to TipRanks.com, Ives is a 5-star analyst with an average return of 13.7% and a 53.7% success rate. Ives covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Palo Alto Networks, and CyberArk Software.

Currently, the analyst consensus on SoundHound AI, Inc Class A is a Moderate Buy with an average price target of $7.00.

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SoundHound AI Inc is an innovator of conversational intelligence, offering an independent Voice AI platform that enables businesses across industries to deliver high-quality conversational experiences to customers.

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