SOUN Crosses Above Average Analyst Target
November 12, 2024 at 07:24 AM EST
In recent trading, shares of SoundHound AI Inc (SOUN) have crossed above the average analyst 12-month target price of $7.58, changing hands for $7.76/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..
