SoundHound AI (SOUN) surged 26.4% on Friday, closing at $13.55 per share after a two-day losing streak. The company reported a 217% increase in revenues to $42.68 million and narrowed its non-GAAP net loss by 20% to $11.86 million. SoundHound AI raised its full-year revenue growth outlook to $160-$178 million.

Northland Securities raised SoundHound AI’s price target to $14.5 and upgraded its rating to “outperform” on expectations of 36% growth in the second half of the year. While SOUN shows promise as an investment, there are other AI stocks that may offer higher returns. Explore our report on the best short-term AI stock for more options.

Read more at Yahoo Finance: SoundHound AI (SOUN) Surges 26.4% on Strong Earnings, Higher Growth Outlook