DA Davidson analyst Gil Luria raised the firm’s price target on SoundHound to $9.50 from $7.50 and keeps a Buy rating on the shares after meeting with its CEO Keyvan Mohajer. The discussion has left the firm with greater clarity on the competitive moat of SoundHound’s technology and the magnitude of the AI customer serviceortunity, while also generating a better understanding on the strength of SoundHound’s updated backlog, the analyst tells investors in a research note.
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