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SoundHound initiated with an Overweight at Piper Sandler

Piper Sandler initiated coverage of SoundHound (SOUN) with an Overweight rating and $12 price target With its voice artificial intelligence platform, SoundHound is a direct play on the AI revolution, the analyst tells investors in a research note. The firm says the company’s Houndify platform allows auto, internet of things and restaurant organizations to drive better experiences and efficiencies through voice AI. The $47B serviceable opportunity across use-cases by 2027 “is very early still,” contends Piper.

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