SoundHound AI stock nabbed a price-target hike as a Wall Street analyst sees increasing demand for the company's conversational voice AI technology.

Therefore, SoundHound's stock could still be cut in half over the next two years if it doesn't meet its own lofty expectations. Meanwhile, two more reasonably valued AI stocks -- Innodata ( INOD 8.17%) and SentinelOn e ( S 0.45%) -- might have a shot a outperforming SoundHound and exceeding its market cap over the next two years.

It should go without saying that SoundHound AI is not a stock for every investor. The company has yet to turn a profit and does not generate positive free cash flow. That puts the stock out of bounds for value investors or those seeking passive income from their investments.

SoundHound AI Inc (SOUN) stock saw a modest uptick, ending the day at $21.75 which represents a slight increase of $2.90 or 15.38% from the prior close of $18.85. The stock opened at $18.2 and touched a low of $17.

Analysts have set 12-month price targets for SoundHound AI, revealing an average target of $12.64, a high estimate of $26.00, and a low estimate of $7.00. This upward trend is apparent, with the current average reflecting a 53.96% increase from the previous average price target of $8.21.

SoundHound Chief Financial Officer Nitesh Sharan is participating in a conference call hosted by Northland Wednesday afternoon

SoundHound AI (NASDAQ: SOUN) had a breakthrough in 2024 and is now a leader in the AI industry. CEO Keyvan Mohajer discusses the company's success, AI, and future plans.

Key Takeaways SoundHound AI stock closed at a record high Monday after Wedbush raised its price target for the company.Analysts said the company is seeing strong demand for its AI voice solutions.SoundHound AI is backed in part by Nvidia.

In many ways, SoundHound AI is in a similar position. As its name suggests, the company deals with the intersection of sound and AI. Its voice recognition and natural language processing software ...

When looking at artificial intelligence (AI) stocks with market caps of less than $10 billion, two prominent names are SoundHound AI (NASDAQ: SOUN) and BigBear.ai (NYSE: BBAI). Although both ...

The company's share price was down 12.3% as of 11:30 a.m. ET. Meanwhile, the S&P 500 index was up 0.6%, and the Nasdaq Composite index was up 0.7%. Despite being down big as of this writing, SoundHound AI stock actually started the day with big gains.

SoundHound AI (NASDAQ: SOUN) stock is making big gains in Wednesday's trading. The conversational artificial intelligence (AI) specialist's share price was up 22.9% as of 2 p.m. ET. The stock is ...