1 Artificial Intelligence (AI) Stock to Buy Before It Soars 150%, According to Wall Street
Audio and speech recognition company SoundHound AI (NASDAQ: SOUN) has been clobbered on the stock market ever since it went public in April 2022 after its merger with a special purpose acquisition company (SPAC).
SoundHound AI stock has crashed a whopping 87% since going public. The company's impressive growth and its artificial intelligence (AI) credentials haven't been enough to give the stock a boost, which may seem a bit surprising as AI stocks have been in hot demand this year. However, analysts remain upbeat about SoundHound's prospects.
The stock has a median 12-month price target of $5, according to a consensus of five analysts covering it, which points toward a 150% jump from current levels. The high price target of $7 points toward even stronger gains. But can SoundHound AI stock come out of its mediocrity, go on a bull run, and really deliver the upside analysts are expecting from it?
Source Fool.com
