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SoundHound price target lowered to $12 from $14 at DA Davidson

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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