SoundHound AI (SOUN) receives a price target boost to $15 from DA Davidson following a strong quarter. The company beat revenue expectations and CEO Keyvan Mohajer sees businesses increasingly adopting AI for voice-based customer service. Large new contracts are driving rapid growth in the company’s pipeline.

SoundHound AI (SOUN) is a voice artificial intelligence company that offers voice AI solutions to businesses. While SOUN shows promise as an investment, other AI stocks may offer greater upside potential with less downside risk. For information on undervalued AI stocks, check out Insider Monkey’s free report on the best short-term AI stock.

Read more at Yahoo Finance: SoundHound AI (SOUN) Wins Big Contracts, DA Davidson Boosts Price Target to $15