SoundHound AI, Inc. (SOUN)
NASDAQ: SOUN · Real-Time Price · USD
6.36
-0.27 (-4.07%)
At close: Nov 15, 2024, 4:00 PM
6.37
+0.01 (0.15%)
After-hours: Nov 15, 2024, 7:59 PM EST
SoundHound AI Stock Forecast
Stock Price Forecast
The 6 analysts with 12-month price forecasts for SoundHound AI stock have an average target of 7.75, with a low estimate of 6.00 and a high estimate of 9.50. The average target predicts an increase of 21.86% from the current stock price of 6.36.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for SoundHound AI stock from 6 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 2 |
| Buy | 1 | 1 | 2 | 2 | 2 | 2 |
| Hold | 2 | 2 | 1 | 1 | 1 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 6 | 6 | 6 | 6 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Maintains $7 → $8 | Strong Buy | Maintains | $7 → $8 | +25.79% | Nov 14, 2024 |
| Barclays | Barclays | Strong Buy → Hold Downgrades $7 | Strong Buy → Hold | Downgrades | $7 | +10.06% | Nov 13, 2024 |
| Ladenburg Thalmann | Ladenburg Thalmann | Strong Buy → Hold Downgrades $7 | Strong Buy → Hold | Downgrades | $7 | +10.06% | Nov 13, 2024 |
| DA Davidson | DA Davidson | Strong Buy Maintains $9.5 | Strong Buy | Maintains | $9.5 | +49.37% | Sep 30, 2024 |
| Wedbush | Wedbush | Buy Reiterates $9 | Buy | Reiterates | $9 | +41.51% | Sep 26, 2024 |
Financial Forecast
Revenue This Year
84.22M
from 45.87M
Increased by 83.59%
Revenue Next Year
155.16M
from 84.22M
Increased by 84.23%
EPS This Year
-0.35
from -0.40
EPS Next Year
-0.20
from -0.35
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 89.3M | 164.4M |
| Avg | 84.2M | 155.2M |
| Low | 77.8M | 146.9M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 94.6% | 95.2% |
| Avg | 83.6% | 84.2% |
| Low | 69.5% | 74.4% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | -0.32 | -0.16 |
| Avg | -0.35 | -0.20 |
| Low | -0.38 | -0.30 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | - | - |
| Avg | - | - |
| Low | - | - |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.