DA Davidson Lowers Price Target on SoundHound AI (SOUN) Despite Strong Q1 Earnings

On May 8, DA Davidson lowered its price target for SoundHound AI Inc. (NASDAQ:SOUN) from $14 to $12 while maintaining a Buy rating following the company's strong fiscal Q1 earnings report on May 7. The firm noted that revenue growth was driven by broad industry demand rather than unique competitive advantages.

By Talha Qureshi Sat, May 16, 2026 at 12:16 PM GMT+3 1 min read · Yahoo Finance · May 16, 2026, 09:16 UTC

Tickers: $SOUN

Topics: AI Earnings Revenue Growth Stock Analysis

Read the full article at Yahoo Finance

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