SoundHound AI (SOUN) reported strong Q1 2026 revenue growth last week, keeping most analysts bullish on the stock. However, some firms have lowered their price targets after earnings, suggesting more limited upside from current levels. Here’s what financial analysts currently expect from SOUN stock.
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For context, SoundHound AI focuses on voice recognition and natural language processing, providing AI-powered solutions for multiple industries. Notably, SoundHound reported Q1 revenue of $44.2 million, up 52% year-over-year and ahead of Wall Street expectations. While the company posted a loss of $0.06 per share in Q1, it was better than analysts’ estimates for a loss of $0.10 per share.
Latest Analysts’ Views on SOUN Stock
Following its Q1 earnings, four-star-rated analyst Gil Luria at DA Davidson lowered his price target on SOUN from $14 to $12. He said the company started 2026 with stronger-than-expected revenue, supported by demand across several industries. However, he also warned that profitability pressure and execution risks could limit near-term upside despite SoundHound’s strong long-term growth outlook.
Likewise, Northland’s top-rated analyst, Michael Latimore, also cut his price target from $14 to $12, which still implies upside of more than 35%. Latimore said SoundHound’s Q1 revenue slightly beat expectations due to strong adoption of its AI platform, but rising spending on growth and technology investments weighed on profitability and reduced adjusted EBITDA expectations.
Meanwhile, analysts at Wedbush and Cantor Fitzgerald reiterated their Buy ratings on SOUN at price targets of $12 and $15, respectively.
Who Are the Best Analysts Covering SOUN Stock?
Interesting, Luria is currently the most accurate analyst covering SOUN over the past three months. He has a 68% success rate and an average return of 36.86% per trade. On TipRanks, Luria ranks #1,386 among more than 12,000 tracked analysts.
Meanwhile, Latimore is the most accurate analyst on the time frames of one year and two years. In one year, he has a success rate of 75% and an average return of 88.5% per trade. On TipRanks, Latimore ranks #1,311 among more than 12,000 tracked analysts.
Meanwhile, Latimore and Luria are also among the most profitable analysts on SOUN stock.
Is SOUN a Good Stock to Buy?
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 $13.3, suggesting a potential upside of 56.5% from the current level.
