Wall Street loves artificial intelligence no matter what flavor it comes in. After intelligent voice leader SoundHound AI (NASDAQ:SOUN) reported second-quarter earnings on August 8, analysts engaged in a round of raising their price targets on SOUN stock.
They now have a $7.08 per share consensus view for the stock, which implies a 42% upside from last Tuesday’s close. Despite the AI shop producing a never-ending string of losses, Wall Street can’t get enough. And though none of the six analysts covering SoundHound rate it a strong buy, one was convinced enough of its growth potential that he upgraded SOUN stock from hold to buy.
Yet is that enough for you to buy into the AI stock?
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