SoundHound AI (NASDAQ: SOUN) has simply taken off in the past couple of years. Shares of the voice artificial intelligence (AI) solutions provider shot up a phenomenal 1,940% during this period thanks to the growing AI craze,

SoundHound AI stock is surging amid a day of strong momentum for meme stocks. Speculative growth plays are seeing a strong rebound on the heels of recent valuation volatility, and the conversational artificial intelligence ( AI) is also getting a boost from bullish analyst coverage.

Wall Street analyst Scott Buck with H.C. Wainwright thinks it has more room to run. Buck just issued a note maintaining his "buy" rating on the stock and ratcheted his price target from $8 to $26 per share, according to reports. That would imply another 27% upside even after the stock's recent surge higher.