2 Artificial Intelligence (AI) Stocks to Buy Before They Soar 98% and 1,040%, According to Certain Wall Street Analysts (Hint: Not Nvidia) [Yahoo! Finance]
SoundHound AI, Inc. (SOUN)
Company Research
Source: Yahoo! Finance
Semiconductor company Nvidia has led the S&P 500 higher this year amid mounting interest in artificial intelligence (AI). But we are still in the early stages of the AI boom, and certain Wall Street analysts are pounding the table on alternative investments. For example: Gil Luria at DA Davidson expects SoundHound AI (NASDAQ: SOUN) to reach $9.50 per share in the next 12 months. That forecast implies 98% upside from its current share price of $4.80. Ark Invest analysts led by Cathie Wood expect Tesla (NASDAQ: TSLA) to reach $2,600 per share by 2029. That forecast implies 1,040% upside from its current share price of $228. Investors should never put too much confidence in price targets, but SoundHound AI and Tesla are worth further consideration. Here are the relevant details. SoundHound AI: 98% implied upside SoundHound specializes in conversational intelligence solutions, or voice artificial intelligence (AI) products, that can be incorporated into smart devices. Its techn
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SOUN
News
- Is It Too Late to Buy SoundHound AI Stock? [Yahoo! Finance]Yahoo! Finance
- Nvidia Just Made a 147% Profit Betting on This AI Stock [Yahoo! Finance]Yahoo! Finance
- SoundHound AI, Inc. (NASDAQ: SOUN) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $7.00 price target on the stock.MarketBeat
- Is Trending Stock SoundHound AI, Inc. (SOUN) a Buy Now? [Yahoo! Finance]Yahoo! Finance
- Where Will SoundHound AI Be in 3 Years? [Yahoo! Finance]Yahoo! Finance
SOUN
Earnings
- 8/8/24 - Beat
SOUN
Sec Filings
- 8/22/24 - Form 4
- 8/9/24 - Form 10-Q
- 8/8/24 - Form 8-K
- SOUN's page on the SEC website