SoundHound AI (SOUN) Gets Fresh Vote of Confidence From DA Davidson After CFO Meetings

SoundHound AI, Inc. (NASDAQ:SOUN) is one of the AI Stocks Analysts are Tracking Closely. On November 18, DA Davidson reiterated its Buy rating and $17.00 price target on the stock following a day of investor meetings with SoundHound’s CFO Nitesh Sharan.

The firm is constructive on SoundHound, citing stronger visibility and confidence in its strategic roadmap. From gaining insights on why the company acquired Interactions to learning details about the economics of SoundHound’s developing voice commerce business, the investor meeting has led the firm to gain useful clarity on the stock.

DA Davidson now believes that SoundHound is “well positioned” for high growth.

“Yesterday we hosted a day of investor meetings with SoundHound’s CFO Nitesh Sharan. We came away with greater clarity on the trajectory of SoundHound’s different growth vectors and the margin potential of the business. We heard more from management about the strategic intent behind its Interactions acquisition as well as color around the economics of its emerging voice commerce business. We continue to view SoundHound as well positioned for high growth and reiterate our BUY rating and price target of $17.”

SoundHound AI, Inc. (NASDAQ:SOUN) is a voice artificial intelligence company offering voice AI solutions to businesses.

While we acknowledge the potential of SOUN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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