SoundHound AI (SOUN) remains a notable player in the ongoing AI boom. Despite being down more than 30% year to date, optimism around the stock persists. Notably, H.C. Wainwright’s four-star analyst Scott Buck believes the momentum isn’t over, pointing to rising demand for conversational AI and expanding partnerships across the tech and automotive sectors. Buck forecasts a potential 96% upside for SOUN stock from current levels.
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For context, SoundHound AI specializes in voice recognition and natural language processing, offering AI-driven solutions across industries.
Wainwright Stays Bullish on SOUN’s Long-Term Potential
Earlier this month, Buck reaffirmed his Buy rating on SOUN stock after the company reported strong results for Q3 2025. Buck noted that SoundHound’s Q3 results exceeded expectations, supported by recent acquisitions and rising demand from clients across sectors such as restaurants, finance, healthcare, insurance, and retail.
He further highlighted that management expects revenue to grow at least 40% by 2026, outpacing market forecasts. For context, SoundHound raised its full-year revenue outlook to $165–$180 million, up from the prior range of $160–$178 million.
Additionally, Buck believes SoundHound is approaching profitability, backed by expanding margins and a clear path to positive EBITDA, which are key factors behind his bullish stance and Street-high $26 price target.
What Lies Ahead for Investors?
SoundHound continues to benefit from growing demand for voice AI and an expanding customer base. While the company has yet to turn profitable, its solid revenue growth and improved outlook highlight strong long-term potential.
Meanwhile, Buck believes the company’s true growth story will unfold as more industries adopt its voice AI technology, enabling SoundHound to scale operations, accelerate revenue, and move steadily toward profitability.
Is SOUN Stock a Good Buy?
According to TipRanks, SOUN stock has received a Moderate Buy consensus rating, with two Buys and four Holds assigned in the last three months. The average SoundHound stock price target is $17.20, suggesting a potential upside of 30% from the current level.
