SoundHound AI Inc (SOUN) stock plummeted 5.04% in Monday's intraday trading session, following an analyst price target revision.
According to the news, HC Wainwright & Co. maintained their price target on SOUN at $26.00 per share, despite the stock plunging on Monday. The decline appeared to be driven by profit-taking after the company reported better-than-expected Q4 results and raised its 2025 revenue guidance last week, which had led to a 17% rally in SOUN's stock price on Friday.
Meanwhile, the broader AI stock sector was trading mixed on Monday, with some stocks like BigBear.ai rising while others like Nvidia declined amid concerns over trade tensions with China and high valuation expectations.
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