SOUN Stock Recent News

Here's why the stock could have a lot of upside in the years ahead.

SoundHound AI, Inc. (SOUN) closed at $4.69 in the latest trading session, marking a -0.85% move from the prior day.

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Zacks.com users have recently been watching SoundHound AI (SOUN) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

In the closing of the recent trading day, SoundHound AI, Inc. (SOUN) stood at $4.97, denoting a -0.8% change from the preceding trading day.

Nvidia stock has soared due to rising demand for AI components. But there's a smaller AI company that could have even more upside.

SoundHound AI will profit from the growing demand for voice recognition tools. Serve Robotics could replace human delivery drivers with automated robots.

SoundHound AI has grown its annual revenue from $31.1 million to $55.5 million in less than two years. The company's order backlog increased from $332 million to $682 million over the same period.

SoundHound AI stock saw some volatility of late, all while it trades at a rich valuation. The company's impressive growth and bright prospects justify its valuation.

SoundHound AI (SOUN) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.