SoundHound AI, Inc. (SOUN)
NASDAQ: SOUN · Real-Time Price · USD
21.76
+2.90 (15.38%)
At close: Dec 20, 2024, 4:00 PM
21.98
+0.22 (1.03%)
After-hours: Dec 20, 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 9.92, with a low estimate of 6.00 and a high estimate of 22. The average target predicts a decrease of -54.40% from the current stock price of 21.76.
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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 2 | 2 |
| Buy | 1 | 2 | 2 | 2 | 2 | 2 |
| Hold | 2 | 1 | 1 | 1 | 2 | 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 |
|---|---|---|---|---|---|---|---|
| Wedbush | Wedbush | Buy Maintains $10 → $22 | Buy | Maintains | $10 → $22 | +1.13% | Dec 16, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Maintains $7 → $8 | Strong Buy | Maintains | $7 → $8 | -63.23% | Nov 14, 2024 |
| Barclays | Barclays | Strong Buy → Hold Downgrades $7 | Strong Buy → Hold | Downgrades | $7 | -67.82% | Nov 13, 2024 |
| Ladenburg Thalmann | Ladenburg Thalmann | Strong Buy → Hold Downgrades $7 | Strong Buy → Hold | Downgrades | $7 | -67.82% | Nov 13, 2024 |
| DA Davidson | DA Davidson | Strong Buy Maintains $9.5 | Strong Buy | Maintains | $9.5 | -56.33% | Sep 30, 2024 |
Financial Forecast
Revenue This Year
85.55M
from 45.87M
Increased by 86.49%
Revenue Next Year
168.70M
from 85.55M
Increased by 97.20%
EPS This Year
-0.38
from -0.40
EPS Next Year
-0.25
from -0.38
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 88.9M | 180.3M | 212.0M |
| Avg | 85.5M | 168.7M | 205.9M |
| Low | 81.5M | 156.6M | 197.9M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 93.9% | 110.8% | 25.7% |
| Avg | 86.5% | 97.2% | 22.1% |
| Low | 77.7% | 83.0% | 17.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -0.38 | -0.21 | -0.20 |
| Avg | -0.38 | -0.25 | -0.19 |
| Low | -0.37 | -0.25 | -0.19 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| 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.