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Is SOUN Stock a Good Buy Now? Technical Indicators Say Yes

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U.S.-based voice AI company SoundHound is a Buy according to technical analysis.

Is SOUN Stock a Good Buy Now? Technical Indicators Say Yes

SoundHound AI (SOUN) has been in the spotlight after posting record-breaking Q2 results earlier this month. However, the stock later gave back some of its gains as broader volatility in the AI sector weighed on sentiment. Amid this backdrop, technical indicators point to SOUN stock as a potential Buy, signaling further upside from current levels.

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SoundHound AI specializes in voice recognition and natural language processing, offering AI-driven solutions across industries.

SOUN Stock Technical Analysis

According to TipRanks’ technical analysis tool, SOUN is showing bullish momentum. The stock trades at $12.53, above its 50-day Exponential Moving Average (EMA) of $12.08, making it a Buy. The broader moving average consensus also leans bullish, flashing an overall Buy rating with eight bullish signals outweighing four bearish ones. This indicates that, despite some short-term volatility, the underlying trend remains favorable.

Adding to the positive outlook, the Williams %R indicator suggests SOUN is not currently overbought, leaving room for the stock to extend its gains before hitting potential resistance levels.

Wall Street Also Stays Bullish on SOUN

Following its Q2 results, SoundHound has drawn heightened attention on Wall Street, with analysts lifting price targets and upgrading the stock to Buy.

For example, H.C. Wainwright analyst Scott Buck reaffirmed his Buy rating on SOUN, projecting about 48% upside. He highlighted SoundHound’s 2025 revenue forecast of nearly 100% growth at the midpoint, its plan to expand margins, and its goal of achieving positive adjusted EBITDA by Q4 2025, supported by a strong balance sheet.

Meanwhile, Ladenburg Thalmann’s Glenn G. Mattson upgraded SOUN to Buy and boosted his price target from $9 to $16, signaling growing optimism on Wall Street.

What Is the Price Target for SOUN?

According to TipRanks, SOUN stock has received a Strong Buy consensus rating, with five Buys and one Hold assigned in the last three months. The average SoundHound stock price target is $15.0, suggesting a potential upside of 15.21% from the current level.

See more SOUN analyst ratings

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