Sound hound stock forecast gained attention after the AI Index

Sound Hound stock forecast gained attention after the AI Index 2024 spotlighted their NLP models for commercial applications. This could translate into premium pricing leverage, boosting forward cash flow estimates. We're getting everything ready for you. The page is loading, and you'll be on your way in just a few moments. According to TipRanks A.I., SOUN stock currently scores 57 out of 100 and carries a price target of $16, suggesting a potential upside of over 11%. The SOUN stock rating reflects strong revenue growth and encouraging earnings call highlights, including smooth integration of recent acquisitions and expansion into multiple sectors. Sound Hound stock forecast is benefiting from tech sector inflows, with hedge funds increasing positions in small-cap AI stocks. Price action shows support near $5.90, forming a potential ascending triangle chart pattern.