SoundHound AI (SOUN) is scheduled to announce its second-quarter results on Thursday, August 7. Year-to-date, SOUN stock has declined over 45% amid investor skepticism as competition intensifies in the voice AI space. Wall Street expects SoundHound to report a narrower loss per share of $0.09 compared to $0.11 in the prior-year quarter.
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Meanwhile, Q2 revenue is expected to be around $32.8 million, marking solid growth of more than 140% year-over-year.
Analysts Remain Cautious Ahead of Q2 Earnings
Wall Street analysts are cautiously hopeful ahead of the August 7 report. However, if SoundHound reports another solid quarter and maintains its current momentum, it could strengthen investor confidence and help lift the stock.
Among the bullish analysts, H.C. Wainwright analyst Scott Buck has a Buy rating on SOUN stock with a Street-high price target of $18. This implies a solid upside of almost 70% from the current level.
Buck stays optimistic about SoundHound’s growth potential and ability to handle broader economic challenges. He also noted that the company’s restaurant business is growing strongly, now reaching over 13,000 locations and adding meaningfully to its recurring revenue.
On the other hand, Piper Sandler’s top-rated analyst James Fish downgraded SOUN stock from Buy to Hold last month. Fish has turned more cautious on SoundHound, pointing to execution risks in the second half of 2025. He pointed out that balancing continued growth investments with the push toward profitability could pose challenges for the company.
Options Traders Anticipate Major Move
Using TipRanks’ Options tool, we can see what options traders are expecting from the stock immediately after its earnings report. The expected earnings move is determined by calculating the at-the-money straddle of the options closest to expiration after the earnings announcement. If this sounds complicated, don’t worry; the Options tool does this for you.
Indeed, it currently says that options traders are expecting about a 13.47% move in either direction in SOUN stock in reaction to Q2 results.
Is SOUN a Good Stock to Buy?
According to TipRanks, SOUN stock has received a Moderate Buy consensus rating, with three Buys and four Holds assigned in the last three months. The average SoundHound stock price target is $11.50, suggesting a potential upside of 5.4% from the current level.
