Wedbush lowered the firm’s price target on SoundHound (SOUN) to $15 from $22 to reflect a lower multiple, while keeping an Outperform rating on the shares. The firm notes the company reported its Q1 earnings, which featured a slight miss on the top line and a beat on the bottom-line as the company continues to capitalize on strong demand for its voice AI solutions.
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Read More on SOUN:
- SoundHound AI Reports Record Revenue Growth in Q1 2025
- SOUN Earnings: SoundHound’s 151% Revenue Jump Doesn’t Impress Investors
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