SoundHound AI

SOUN · NASDAQ

$4.70+$0.05 (+1.08%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $4.65

SOUN analyst rating

BuyConsensus of 5 analysts over the last 12 months. 80% rate it a buy.

Strong buy0
Buy4
Hold1
Underperform0
Sell0

12-month price target · 9 analysts

Average $13.26 (+182.1% upside)

Low: $6.06
Now: $4.70
High: $21.00

Upgrades and downgrades

The latest rating actions, newest first

SOUN analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Piper Sandler	Sep 22, 2026	Maintains	Neutral	$7.00 → $6.00	51%
DA Davidson	Aug 6, 2026	Maintains	Buy	$12.00 → $10.00	51%
Piper Sandler	Aug 6, 2026	Maintains	Neutral	$8.00 → $7.00	51%
Northland Capital Markets	May 8, 2026	Maintains	Outperform	$14.00 → $12.00	35%
DA Davidson	Apr 22, 2026	Maintains	Buy	$14.00	51%
HC Wainwright & Co.	Mar 2, 2026	Maintains	Buy	$26.00 → $20.00	34%
Piper Sandler	Feb 27, 2026	Maintains	Neutral	$11.00 → $9.00	51%
Piper Sandler	Jan 5, 2026	Maintains	Neutral	$15.00 → $11.00	51%
Cantor Fitzgerald	Dec 12, 2025	Upgrade	Neutral → Overweight	$13.00 → $15.00	55%
DA Davidson	Nov 18, 2025	Maintains	Buy	$17.00	51%

The case for and against

Updated Oct 10, 2026

Bull case

SoundHound AI is viewed favorably because it is delivering revenue well ahead of expectations, with large deals helped by interest in OASYS, while also maintaining confidence in FY27 guidance for $350M-$400M of revenue. Its announced acquisition of LivePerson for an enterprise value of about $250M should add meaningful scale, extend reach into F500 telecom, airline, technology, and banking customers, and support cross-sell and upsell opportunities across its voice AI platform. Despite some integration risk, the deal is seen as accretive on a valuation basis, may improve margins, and could leave the company with a strong balance sheet and no debt at closing.

Bear case

SoundHound AI is exposed to an unstable revenue mix because a meaningful portion of sales is non-recurring and tied to license or royalty-based business, leaving results vulnerable if product demand slows, especially in auto sales, which account for a significant share of revenue. Its fundamentals are further weakened by the absence of positive GAAP operating income, meaning the company still needs stronger scale to reach sustainable profitability, and any delay in that path can pressure the stock. The outlook is also restrained by intense competition in rapidly evolving voice AI markets and by customer concentration, with more than 30% of revenue coming from one customer, creating outsized downside risk if that relationship changes.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.