SoundHound AI, Inc. ($SOUN) has seen a notable increase in institutional investment, with over 280 institutional holders raising their share ownership by 34% to approximately 120 million shares, which accounts for 35.6% of the total outstanding shares as of September 30, 2024. Additionally, new buyers acquired 27 million shares in the third quarter. H.C. Wainwright has raised its price target for SoundHound to $26 from $8, citing strong demand for AI solutions and the company's scalable platform as key growth drivers, despite concerns over its current valuation. The stock's rising institutional volume and quarterly revenue growth have led analysts to speculate that SoundHound could be positioned for significant success in 2025.