H.C. Wainwright initiated coverage of SoundHound with a Buy rating and $5 price target. SoundHound is an innovator of conversational artificial intelligence with a clear go to market strategy, the analyst tells investors in a research note. With an existing backlog exceeding $339M, a customer base comprised of highly recognizable brands, and seventeen years of technology intellectual property, SoundHound is positioned to be a leader in conversational AI, contends the firm.
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