By Ashar Jawad

SoundHound AI, Inc. (NASDAQ:SOUN) is among the 10 best meme stocks to buy now. As of the close on February 12, it is a Strong Buy with an average share price upside of 122.52%.

Analysts See 123% Upside To SoundHound AI, Inc. (SOUN). Insider Monkey

Stock market data showing an upward trajectory. Photo by Burak The Weekender on Pexels

Recent updates include a January 12 update from H.C. Wainwright analyst Scott Buck, who reiterated a Buy rating with a $26 price target. Earlier on January 5, Piper Sandler adjusted its price target on the stock to $11 from $15, citing recent 10-Q disclosures. The investment bank maintained its Neutral rating.

SoundHound AI, Inc. (NASDAQ:SOUN) continues to expand its voice AI technology across sectors. Late last month, the company announced an expansion to its partnership with Five Guys. The popular burger brand already leverages the company’s AI-powered ordering agents, which have processed over a million customer interactions to date.

Under the new agreement, Five Guys aims to give more franchisees the option to offer customers the AI-powered ordering experience. This AI technology is enabling the burger chain to not only improve customer service but also enhance operational efficiency by allowing the workforce to focus more on in-store tasks.

Earlier in the month, on January 21, the company announced it had partnered with Bridgepointe Technologies to expand its enterprise AI solutions for the latter’s customers. The move is likely to accelerate adoption for SoundHound AI, Inc. (NASDAQ:SOUN)’s Amelia 7 and Autonomics platforms.

SoundHound AI, Inc. (NASDAQ:SOUN) provides voice and conversational AI solutions to enhance the customer experience for businesses.

While we acknowledge the potential of SOUN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.