SoundHound AI Stock Could Soar to $26 in 2025, According to a Wall Street Analyst. Is It a Buy at Around $20?

These days, you can't find an investment bank analyst who's not excited about a handful of artificial intelligence (AI) stocks. Since ChatGPT exploded in popularity in late 2022, businesses of all sizes have been hurling money at new AI solutions with both hands to avoid getting left behind.One stock that's benefited immensely from the AI revolution is SoundHound AI (NASDAQ: SOUN). Enterprise customers license its technology to support their voice-activated AI agents, which are like chatbots that can behave autonomously in a specific environment. From the end of 2023 through Dec. 22, the stock has shot 926% higher.However, what goes up often comes down, but H.C. Wainwright analyst Scott Buck thinks SoundHound stock has enough fuel in the tank to climb higher. On Dec. 23, he raised his bank's price target to $26 per share and maintained his buy rating. The new target implies a gain of 19.5% from SoundHound's closing price on Dec. 22.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool