SOUN stock climbs despite D.A. Davidson price target cut

The article mentions SoundHound AI (SOUN) rose about 8.3% after D.A. Davidson analyst Gil Luria cut his price target to $14 but maintained a Buy rating; the company also highlighted its new Amelia 7.3 and Vision AI products at CES 2026.

The article mentions that shares of SoundHound AI moved higher after D.A. Davidson analyst Gil Luria lowered his price target to $14 while keeping a Buy rating. The article reports the stock rose about 8.3% on Friday. The company showcased new products at CES 2026, including the Amelia 7.3 agentic AI platform and a Vision AI capability. The article also notes strong recent revenue growth and a market capitalization figure cited by the reporter. Key details: - The article mentions Gil Luria of D.A. Davidson lowered his price target to $14 and maintained a Buy rating. - The article mentions SOUN stock was up about 8.3% on Friday. - The article reports SoundHound's market capitalization is roughly $4.72 billion and that the company posted 120.5% revenue growth over the past year. - The article notes analysts expect revenue to rise about 98% this fiscal year, as reported. - The article describes CES announcements: Amelia 7.3, an agentic AI platform for cars, TVs and devices, and Vision AI that blends visual and voice recognition to support voice commerce tasks. Summary: The price-target cut coincided with a notable intraday gain, reflecting investor interest in the company's recent product demonstrations and revenue growth metrics. Undetermined at this time.