DA Davidson lowered the firm’s price target on SoundHound (SOUN) to $12 from $14 and keeps a Buy rating on the shares after its Q1 earnings miss. The company started 2026 beating revenue expectations however as broad-based demand across industries drove growth in the quarter, the analyst tells investors in a research note.
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Read More on SOUN:
- SoundHound AI Stock (SOUN) Plunges Despite Q1 Beat — What Spooked Investors?
- SoundHound backs FY26 revenue view $225M-$260M, consensus $232.78M
- SoundHound AI options imply 11.4% move in share price post-earnings
- Why SoundHound AI Stock (SOUN) Is Down Today and Why One Investor Says Wait
- SoundHound reports Q1 EPS (6c), consensus (4c)
