Cantor Fitzgerald Upgrades SoundHound AI Inc. (SOUN) Buoyed By Voice and Conversational AI Services Development

Core Viewpoint - SoundHound AI Inc. is recognized as a promising investment opportunity among hedge funds, particularly following a recent upgrade by Cantor Fitzgerald, which raised its price target to $15 from $13 [1][2]. Group 1: Company Performance and Developments - Cantor Fitzgerald upgraded SoundHound AI to Overweight, citing the company's effective execution in cross-selling and upselling voice and conversational AI services [2]. - The company has seen an increase in automated voice volumes, attributed to the acquisition of Amelia last year, positioning it well to benefit from the growth trends in voice AI [2][4]. - SoundHound AI has formed a strategic partnership with OpenTable to introduce an in-vehicle voice AI system, allowing drivers to make restaurant reservations via voice commands [3][4]. Group 2: Technology and Services - SoundHound AI specializes in voice and conversational intelligence technology, enabling businesses to develop AI agents and voice assistants for various applications, including customer service and product interaction [5]. - The company offers platforms like Amelia for enterprise AI, enhancing brands' ability to voice-enable their services with speed and accuracy [5]. Group 3: Market Outlook - Cantor Fitzgerald anticipates that the recent acquisition of Interactions will serve as a significant organic growth driver for SoundHound AI, supported by an expanding partner ecosystem [4].