SoundHound AI stock jumps 7% as Wall Street resets targets after CES demos
SoundHound AI shares closed up 6.7% at $11.75 Friday, with 39.3 million shares traded after CES product demos and news of a TomTom partnership. DA Davidson cut its price target to $14, while Oppenheimer and Cantor Fitzgerald maintained their ratings. The stock finished below key moving averages. Investors await Tuesday’s U.S. CPI data and SoundHound’s next earnings report, estimated for Feb. 26.