SoundHound AI (SOUN) Stock Forecast, Price Target & Predictions
SOUN Stock Forecast
SoundHound AI stock forecast is as follows: an average price target of $8.13 (represents a 59.72% upside from SOUN’s last price of $5.09) and a rating consensus of 'Buy', based on 5 wall street analysts offering a 1-year stock forecast.
SOUN Price Target
The average price target for SoundHound AI (SOUN) is $8.13 based on 1-year price targets from 5 Wall Street analysts in the past 3 months, with a price target range of $9.50 to $7.00. This represents a potential 59.72% upside from SOUN's last price of $5.09.
SOUN Analyst Ratings
According to 5 Wall Street analysts, SoundHound AI's rating consensus is 'Buy'. The analyst rating breakdown for SOUN stock is 0 'Strong Buy' (0.00%), 5 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
SoundHound AI Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 18, 2024 | Scott Buck | H.C. Wainwright | $7.00 | $4.80 | 45.83% | 37.52% |
| Aug 09, 2024 | Daniel Ives | Wedbush | $9.00 | $5.00 | 80.00% | 76.82% |
| Aug 09, 2024 | Brett Knoblauch | Cantor Fitzgerald | $7.00 | $5.21 | 34.36% | 37.52% |
| Apr 10, 2024 | Brett Knoblauch | Cantor Fitzgerald | $4.90 | $4.51 | 8.65% | -3.73% |
| Mar 14, 2024 | Gil Luria | D.A. Davidson | $9.50 | $8.37 | 13.50% | 86.64% |
| Mar 01, 2024 | Brett Knoblauch | Cantor Fitzgerald | $5.80 | $5.99 | -3.17% | 13.95% |
The latest SoundHound AI stock forecast, released on Sep 18, 2024 by Scott Buck from H.C. Wainwright, set a price target of $7.00, which represents a 45.83% increase from the stock price at the time of the forecast ($4.80), and a 37.52% increase from SOUN last price ($5.09).
SoundHound AI Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 3 | 6 |
| Avg Price Target | - | $7.67 | $7.20 |
| Last Closing Price | $5.09 | $5.09 | $5.09 |
| Upside/Downside | -100.00% | 50.69% | 41.45% |
In the current month, the average price target of SoundHound AI stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to SoundHound AI's last price of $5.09. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 18, 2024 | H.C. Wainwright | Underperform | Underperform | Hold |
| Sep 18, 2024 | Wedbush | Buy | Buy | Hold |
| Sep 18, 2024 | H.C. Wainwright | Buy | Buy | Hold |
| Aug 09, 2024 | Wedbush | Outperform | Outperform | Hold |
| Aug 09, 2024 | Cantor Fitzgerald | Neutral | Overweight | Upgrade |
| May 13, 2024 | H.C. Wainwright | Underperform | Underperform | Hold |
| May 13, 2024 | Wedbush | Buy | Buy | Hold |
| May 10, 2024 | Wedbush | Outperform | Outperform | Hold |
| Apr 10, 2024 | Cantor Fitzgerald | Overweight | Neutral | Upgrade |
| Mar 04, 2024 | Wedbush | Buy | Buy | Hold |
SoundHound AI's last stock rating was published by H.C. Wainwright on Sep 18, 2024. The company gave SOUN a "Underperform" rating, the same as its previous rate.
SoundHound AI Financial Forecast
SoundHound AI Revenue Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | $17.15M | $13.27M | $8.75M | $6.71M | $9.50M | $11.19M | $6.15M | $4.29M |
| Avg Forecast | $54.49M | $40.56M | $30.55M | $26.27M | $34.51M | $23.02M | $13.09M | $10.10M | $17.75M | $12.78M | $8.07M | $6.73M | $8.84M | $8.95M | $6.22M | $4.29M |
| High Forecast | $54.49M | $40.56M | $30.55M | $26.27M | $34.51M | $24.79M | $13.09M | $10.10M | $18.04M | $12.78M | $8.07M | $6.73M | $8.84M | $8.95M | $6.22M | $4.29M |
| Low Forecast | $54.49M | $40.56M | $30.55M | $26.27M | $34.51M | $21.99M | $13.09M | $10.10M | $17.52M | $12.78M | $8.07M | $6.73M | $8.84M | $8.95M | $6.22M | $4.29M |
| # Analysts | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 |
| Surprise % | - | - | - | - | - | - | - | - | 0.97% | 1.04% | 1.08% | 1.00% | 1.08% | 1.25% | 0.99% | 1.00% |
SoundHound AI's average Quarter revenue forecast for Mar 24 based on 2 analysts is $10.10M, with a low forecast of $10.10M, and a high forecast of $10.10M. SOUN's average Quarter revenue forecast represents a -41.08% decrease compared to the company's last Quarter revenue of $17.15M (Dec 23).
SoundHound AI EBITDA Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 |
| EBITDA | - | - | - | - | - | - | - | - | $-11.21M | $-12.66M | $-16.44M | $-19.76M | $-26.36M | $-25.34M | $-28.69M | $-582.80K |
| Avg Forecast | $-54.49M | $-40.56M | $-30.55M | $-26.27M | $-34.51M | $-23.02M | $-13.09M | $-10.10M | $-17.75M | $-12.78M | $-8.07M | $-6.73M | $-8.84M | $-8.95M | $-6.22M | $-4.29M |
| High Forecast | $-54.49M | $-40.56M | $-30.55M | $-26.27M | $-34.51M | $-21.99M | $-13.09M | $-10.10M | $-17.52M | $-12.78M | $-8.07M | $-6.73M | $-8.84M | $-8.95M | $-6.22M | $-4.29M |
| Low Forecast | $-54.49M | $-40.56M | $-30.55M | $-26.27M | $-34.51M | $-24.79M | $-13.09M | $-10.10M | $-18.04M | $-12.78M | $-8.07M | $-6.73M | $-8.84M | $-8.95M | $-6.22M | $-4.29M |
| Surprise % | - | - | - | - | - | - | - | - | 0.63% | 0.99% | 2.04% | 2.94% | 2.98% | 2.83% | 4.61% | 0.14% |
undefined analysts predict SOUN's average Quarter EBITDA for undefined to be $NaN, with a high of $NaN and a low of $NaN. This is NaN% lower than SoundHound AI's previous annual EBITDA (undefined) of $NaN.
SoundHound AI Net Income Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 |
| Net Income | - | - | - | - | - | - | - | - | $-18.00M | $-20.20M | $-21.93M | $-26.37M | $-30.68M | $-28.92M | $-30.67M | $-280.85K |
| Avg Forecast | $-7.74M | $-16.04M | $-23.23M | $-24.33M | $-18.96M | $-24.65M | $-29.31M | $-30.53M | $-18.58M | $-28.21M | $-38.71M | $-40.92M | $-55.31M | $-54.75M | $-121.67M | $474.04M |
| High Forecast | $-7.74M | $-16.04M | $-23.23M | $-24.33M | $-18.96M | $-15.41M | $-29.31M | $-30.53M | $-11.15M | $-28.21M | $-38.71M | $-40.92M | $-55.31M | $-54.75M | $-121.67M | $474.04M |
| Low Forecast | $-7.74M | $-16.04M | $-23.23M | $-24.33M | $-18.96M | $-33.89M | $-29.31M | $-30.53M | $-26.02M | $-28.21M | $-38.71M | $-40.92M | $-55.31M | $-54.75M | $-121.67M | $474.04M |
| Surprise % | - | - | - | - | - | - | - | - | 0.97% | 0.72% | 0.57% | 0.64% | 0.55% | 0.53% | 0.25% | -0.00% |
SoundHound AI's average Quarter net income forecast for undefined is $NaN, with a range of $NaN to $NaN. SOUN's average Quarter net income forecast represents a NaN% decrease compared to the company's last Quarter net income of $NaN (undefined).
SoundHound AI SG&A Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 |
| SG&A | - | - | - | - | - | - | - | - | $12.11M | $11.40M | $11.46M | $12.00M | $13.97M | $16.26M | $13.73M | $6.58M |
| Avg Forecast | $83.72M | $62.33M | $46.94M | $40.36M | $53.02M | $35.37M | $20.11M | $15.53M | $27.27M | $19.64M | $12.39M | $10.34M | $13.58M | $13.75M | $9.56M | $6.59M |
| High Forecast | $83.72M | $62.33M | $46.94M | $40.36M | $53.02M | $38.09M | $20.11M | $15.53M | $27.73M | $19.64M | $12.39M | $10.34M | $13.58M | $13.75M | $9.56M | $6.59M |
| Low Forecast | $83.72M | $62.33M | $46.94M | $40.36M | $53.02M | $33.79M | $20.11M | $15.53M | $26.92M | $19.64M | $12.39M | $10.34M | $13.58M | $13.75M | $9.56M | $6.59M |
| Surprise % | - | - | - | - | - | - | - | - | 0.44% | 0.58% | 0.92% | 1.16% | 1.03% | 1.18% | 1.44% | 1.00% |
SoundHound AI's average Quarter SG&A projection for Mar 24 is $15.53M, based on 2 Wall Street analysts, with a range of $15.53M to $15.53M. The forecast indicates a 28.20% rise compared to SOUN last annual SG&A of $12.11M (Dec 23).
SoundHound AI EPS Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 |
| EPS | - | - | - | - | - | - | - | - | $-0.07 | $-0.08 | $-0.00 | $-0.13 | $-0.20 | $-0.15 | $-0.19 | $-0.07 |
| Avg Forecast | $-0.02 | $-0.05 | $-0.07 | $-0.07 | $-0.06 | $-0.07 | $-0.09 | $-0.09 | $-0.06 | $-0.09 | $-0.12 | $-0.12 | $-0.17 | $-0.17 | $-0.37 | $1.43 |
| High Forecast | $-0.02 | $-0.05 | $-0.07 | $-0.07 | $-0.06 | $-0.05 | $-0.09 | $-0.09 | $-0.03 | $-0.09 | $-0.12 | $-0.12 | $-0.17 | $-0.17 | $-0.37 | $1.43 |
| Low Forecast | $-0.02 | $-0.05 | $-0.07 | $-0.07 | $-0.06 | $-0.10 | $-0.09 | $-0.09 | $-0.08 | $-0.09 | $-0.12 | $-0.12 | $-0.17 | $-0.17 | $-0.37 | $1.43 |
| Surprise % | - | - | - | - | - | - | - | - | 1.25% | 0.98% | 0.00% | 1.05% | 1.20% | 0.91% | 0.52% | -0.05% |
According to undefined Wall Street analysts, SoundHound AI's projected average Quarter EPS for undefined is $NaN, with a low estimate of $NaN and a high estimate of $NaN. This represents a NaN% decrease compared to SOUN previous annual EPS of $NaN (undefined).
SoundHound AI Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| SNOW | Snowflake | $113.74 | $206.46 | 81.52% | Buy |
| SOUN | SoundHound AI | $5.09 | $8.13 | 59.72% | Buy |
| ZM | Zoom Video Communications | $75.54 | $111.94 | 48.19% | Hold |
| WDAY | Workday | $241.14 | $270.91 | 12.35% | Buy |
| SHOP | Shopify | $78.44 | $86.86 | 10.73% | Buy |
| PRST | Presto Automation | - | $5.00 | - | Buy |
| CRM | Salesforce | $298.01 | $272.40 | -8.59% | Buy |
SOUN Forecast FAQ
Is SoundHound AI a good buy?
Yes, according to 5 Wall Street analysts, SoundHound AI (SOUN) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 5 'Buy' recommendations, accounting for 100.00% of SOUN's total ratings.
What is SOUN's price target?
SoundHound AI (SOUN) average price target is $8.13 with a range of $7 to $9.5, implying a 59.72% from its last price of $5.09. The data is based on 5 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will SoundHound AI stock go up soon?
According to Wall Street analysts' prediction for SOUN stock, the company can go up by 59.72% (from the last price of $5.09 to the average price target of $8.13), up by 86.64% based on the highest stock price target, and up by 37.52% based on the lowest stock price target.
Can SoundHound AI stock reach $8?
SOUN's average twelve months analyst stock price target of $8.13 supports the claim that SoundHound AI can reach $8 in the near future.
What are SoundHound AI's analysts' financial forecasts?
SoundHound AI's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $80.72M (high $82.49M, low $79.69M), average EBITDA is $-80.717M (high $-79.687M, low $-82.487M), average net income is $-103M (high $-94.208M, low $-113M), average SG&A $124.03M (high $126.75M, low $122.44M), and average EPS is $-0.312 (high $-0.284, low $-0.34). SOUN's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $151.87M (high $151.87M, low $151.87M), average EBITDA is $-152M (high $-152M, low $-152M), average net income is $-71.343M (high $-71.343M, low $-71.343M), average SG&A $233.35M (high $233.35M, low $233.35M), and average EPS is $-0.215 (high $-0.215, low $-0.215).
Did the SOUN's actual financial results beat the analysts' financial forecasts?
Based on SoundHound AI's last annual report (Dec 2023), the company's revenue was $45.87M, beating the average analysts forecast of $45.32M by 1.22%. Apple's EBITDA was $-68.608M, beating the average prediction of $-45.32M by 51.39%. The company's net income was $-91.711M, missing the average estimation of $-126M by -27.46%. Apple's SG&A was $47.18M, missing the average forecast of $69.64M by -32.25%. Lastly, the company's EPS was $-0.0004, missing the average prediction of $-0.381 by -99.90%. In terms of the last quarterly report (Dec 2023), SoundHound AI's revenue was $17.15M, missing the average analysts' forecast of $17.75M by -3.38%. The company's EBITDA was $-11.215M, missing the average prediction of $-17.747M by -36.81%. SoundHound AI's net income was $-18.003M, missing the average estimation of $-18.583M by -3.12%. The company's SG&A was $12.11M, missing the average forecast of $27.27M by -55.59%. Lastly, the company's EPS was $-0.07, beating the average prediction of $-0.056 by 25.00%