SoundHound AI, Inc. (SOUN)
NASDAQ: SOUN · IEX Real-Time Price · USD
3.940
+0.050 (1.29%)
At close: Jul 2, 2024, 4:00 PM
3.970
+0.030 (0.76%)
After-hours: Jul 2, 2024, 7:59 PM EDT
SoundHound AI Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for SoundHound AI stock have an average target of 6.88, with a low estimate of 4.00 and a high estimate of 9.50. The average target predicts an increase of 74.62% from the current stock price of 3.94.
Analyst Consensus: Buy
* Price targets were last updated on May 13, 2024.
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 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 0 | 1 | 1 | 2 | 2 | 2 |
| Sell | 0 | 0 | 1 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 5 | 6 | 6 | 6 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $7 | Strong Buy | Reiterates | $7 | +77.66% | May 13, 2024 |
| Wedbush | Wedbush | Buy Reiterates $9 | Buy | Reiterates | $9 | +128.43% | May 10, 2024 |
| Cantor Fitzgerald | Cantor Fitzgerald | Sell → Hold Upgrades $4.9 | Sell → Hold | Upgrades | $4.9 | +24.37% | Apr 11, 2024 |
| Cantor Fitzgerald | Cantor Fitzgerald | Buy → Sell Downgrades $5.8 → $4.9 | Buy → Sell | Downgrades | $5.8 → $4.9 | +24.37% | Mar 20, 2024 |
| DA Davidson | DA Davidson | Strong Buy Maintains $7.5 → $9.5 | Strong Buy | Maintains | $7.5 → $9.5 | +141.12% | Mar 15, 2024 |
Financial Forecast
Revenue This Year
72.02M
from 45.87M
Increased by 56.99%
Revenue Next Year
105.72M
from 72.02M
Increased by 46.80%
EPS This Year
-0.32
from -0.40
EPS Next Year
-0.20
from -0.32
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 75.2M | 112.4M |
| Avg | 72.0M | 105.7M |
| Low | 67.1M | 98.0M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 63.9% | 56.1% |
| Avg | 57.0% | 46.8% |
| Low | 46.3% | 36.1% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | -0.29 | -0.08 |
| Avg | -0.32 | -0.20 |
| Low | -0.34 | -0.24 |
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.