SoundHound AI (NASDAQ:SOUN) was upgraded to ‘Buy’ by Ladenburg following strong Q2 results and the acquisition of Amelia. The analyst raised the price target from $9 to $16 and expects SoundHound to generate over $270 million in revenue by 2027 with double-digit EBITDA margins. SoundHound is a California-based voice AI company that provides natural language understanding and speech recognition platforms across various industries. While SOUN offers investment potential, other AI stocks may present greater upside and lower risk. For more information on undervalued AI stocks, check out the free report on the best short-term AI stock.

Read more at Yahoo Finance: SoundHound (SOUN) Upgraded to ‘Buy’ by Ladenburg After Strong Q2 and Amelia Acquisition