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"SoundHound AI (SOUN) stock continued its volatile ride on Thursday, jumping more than 7% after a Wall Street analyst reiterated his buy rating and raised his price target to 8 from 7. The analyst, Scott Buck of H.C. Wainwright, was surprised to see the stock decline 17.1% on Wednesday following the company's third-quarter report, despite beating estimates for revenue and forecasting positive adjusted earnings by the end of 2025. Buck expects the company to continue executing its strategy, growing revenue, expanding gross margin, and pushing towards positive adjusted EBITDA, which he believes will drive shares higher."
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