SoundHound price target raised to $7 from $5 at H.C. Wainwright

H.C. Wainwright analyst Scott Buck raised the firm’s price target on SoundHound to $7 from $5 and keeps a Buy rating on the shares. The company’s quarterly results were “OK,” but commentary and future performance targets should support the recent share price appreciation, the analyst tells investors in a research note. The firm recommends investors continue to accumulate SoundHound shares ahead of stronger operating results.