From Yahoo Finance: 2025-05-28 13:09:00

Piper Sandler initiated coverage of SoundHound AI Inc. (SOUN) with an Overweight rating and a $12 price target, citing its direct play on the AI revolution. SoundHound’s competitive advantage lies in its voice AI platform, which delivers real-time conversational AI experiences. The company’s focus on quick-service restaurants and customer experience, along with its acquisition of Amelia, positions it in a $30 billion addressable market by 2027. SoundHound is transitioning to a subscription-based model, with potential margin boosts from the Amelia acquisition. Despite headwinds in the auto industry, analysts remain bullish on SoundHound’s long-term prospects.



Read more at Yahoo Finance: Piper Sandler Initiates Coverage of SoundHound AI (SOUN) With Overweight, Cites AI Growth Potential