SoundHound AI stock jumps into the weekend after D.A. Davidson trims target; traders eye Monday
SoundHound AI shares surged 6.7% to $11.75 Friday, rebounding from early losses after DA Davidson cut its price target to $14, citing execution risks. Trading volume hit 39.3 million shares, and options activity spiked. The move followed CES meetings and new product demos. U.S. markets reopen Monday, with traders watching for follow-through.