SoundHound price target lowered to $18 from $26 at H.C. Wainwright

H.C. Wainwright analyst Scott Buck lowered the firm’s price target on SoundHound (SOUN) to $18 from $26 and keeps a Buy rating on the shares following the Q1 report. The firm remains optimistic on the shares but reduced full year revenue estimates, acknowledging a higher level of macro uncertainty. It expects SoundHound’s revenue to ramp meaningfully in the second half of 2025.