SoundHound AI, Inc. (SOUN)
NASDAQ: SOUN · IEX Real-Time Price · USD
5.05
-0.06 (-1.17%)
At close: May 17, 2024, 4:00 PM
5.08
+0.03 (0.59%)
Pre-market: May 20, 2024, 7:56 AM 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 36.24% from the current stock price of 5.05.

Analyst Consensus: Buy
Target Low Average Median High
Price $4.00 $6.88 $7.00 $9.50
Change -20.79% +36.24% +38.61% +88.12%

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 Dec '23Jan '24Feb '24Mar '24Apr '24May '24
Strong Buy 233333
Buy 111111
Hold 001122
Sell 000100
Strong Sell 000000
Total 345666

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 +38.61% May 13, 2024
Wedbush
Wedbush
Buy
Reiterates
$9
Buy Reiterates $9 +78.22% May 10, 2024
Cantor Fitzgerald
Cantor Fitzgerald
Hold
Upgrades
$4.9
Hold Upgrades $4.9 -2.97% Apr 11, 2024
Cantor Fitzgerald
Cantor Fitzgerald
Sell
Downgrades
$5.8$4.9
Sell Downgrades $5.8$4.9 -2.97% Mar 20, 2024
DA Davidson
DA Davidson
Strong Buy
Maintains
$7.5$9.5
Strong Buy Maintains $7.5$9.5 +88.12% Mar 15, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
70.88M
from 45.87M
Increased by 54.52%
Revenue Next Year
104.82M
from 70.88M
Increased by 47.88%
EPS This Year
-0.30
from -0.40
EPS Next Year
-0.22
from -0.30
Year 202020212022202320242025
Revenue
13.02M21.20M31.13M45.87M70.88M104.82M
Revenue Growth
-62.84%46.86%47.36%54.52%47.88%
EPS
-6.59-1.18-0.74-0.40-0.30-0.22
EPS Growth
------
No. Analysts ----88
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025
High 73.7M 111.0M
Avg 70.9M 104.8M
Low 67.2M 97.4M

Revenue Growth

Revenue Growth 20242025
High
60.7%
56.6%
Avg
54.5%
47.9%
Low
46.6%
37.4%

EPS Forecast

EPS 20242025
High -0.28 -0.19
Avg -0.30 -0.22
Low -0.32 -0.23

EPS Growth

EPS Growth 20242025
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.