SoundHound AI (SOUN) stock has attracted Wall Street attention as demand for voice-enabled AI technology accelerates. With its expanding partnership base, innovative tech platform, and growing presence in the automotive and restaurant sectors, analysts see multiple catalysts that could drive long-term growth. Here are three key reasons why analysts are bullish on SoundHound stock right now.
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H.C. Wainwright Bets Big on Revenue Growth
H.C. Wainwright analyst Scott Buck remains upbeat on SoundHound, projecting more than 85% upside for the stock. He highlights the company’s strong growth potential and its resilience in the face of broader economic headwinds.
Although SoundHound slightly fell short of Q1 2025 revenue expectations, it maintained its full-year forecast, which helped ease investor concerns. Buck also emphasized the company’s growing appeal among small and mid-sized businesses due to its AI-powered, cost-effective solutions. Given SoundHound’s strong cash position, he believes the company is well-positioned to pursue strategic acquisitions that could drive further expansion.
Piper Sandler Highlights Innovative Technology
Piper Sandler’s top-rated analyst James Fish views the company as an emerging leader in voice AI, citing its advanced automatic speech recognition (ASR) and natural language processing (NLP) systems that enable real-time conversations. Piper Sandler also mentions quick-service restaurants (QSRs) and customer experience as major growth drivers, especially following SoundHound’s acquisition of Amelia, which broadens its presence in the contact center AI space. Fish’s share price target of $12 for SOUN implies a growth rate of 24%.
D.A. Davidson Sees Continued Success for SoundHound
Five-star-rated analyst Gil Luria at D.A. Davidson views SoundHound’s Amelia acquisition as pivotal to unlocking long-term growth, reinforcing its potential for continued success. Luria highlights that the deal significantly expands SoundHound’s total addressable market (TAM) and diversifies its business portfolio.
In this context, TipRanks’ Bulls Say, Bears Say tool offers investors a balanced view of analyst sentiment, showcasing both the bullish and bearish arguments to support more informed decision-making.
Is SOUN Stock a Good Buy?
According to TipRanks, SOUN stock has received a Moderate Buy consensus rating, with four Buys and three Holds assigned in the last three months. The average SoundHound AI stock price target is $11.50, suggesting a potential upside of 19% from the current level.
