SoundHound AI, Inc. (SOUN)
NASDAQ: SOUN · Real-Time Price · USD
4.860
+0.100 (2.10%)
Sep 17, 2024, 11:23 AM EDT - Market open
Stock Price Forecast
The 6 analysts with 12-month price forecasts for SoundHound AI stock have an average target of 7.08, with a low estimate of 4.00 and a high estimate of 9.50. The average target predicts an increase of 45.68% from the current stock price of 4.86.
Analyst Consensus: Strong Buy
| Target | Low | Average | Median | High |
|---|---|---|---|---|
| Price | $4.00 | $7.08 | $7.00 | $9.50 |
| Change | -17.70% | +45.68% | +44.03% | +95.47% |
* Price targets were last updated on Aug 12, 2024.
Analyst Ratings
The average analyst rating for SoundHound AI stock from 6 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Apr '24 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Buy | 1 | 1 | 1 | 1 | 2 | 2 |
| Hold | 2 | 2 | 2 | 2 | 1 | 1 |
| 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 Reiterates $7 | Strong Buy | Reiterates | $7 | +44.03% | Aug 12, 2024 |
| Northland Capital Markets | Northland Capital Markets | Hold Maintains $5.5 → $6 | Hold | Maintains | $5.5 → $6 | +23.46% | Aug 9, 2024 |
| Cantor Fitzgerald | Cantor Fitzgerald | Hold → Buy Upgrades $5 → $7 | Hold → Buy | Upgrades | $5 → $7 | +44.03% | Aug 9, 2024 |
| Wedbush | Wedbush | Buy Reiterates $9 | Buy | Reiterates | $9 | +85.19% | Aug 9, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $7 | Strong Buy | Reiterates | $7 | +44.03% | Jul 29, 2024 |
Financial Forecast
Revenue This Year
Increased by 83.59%
from 45.87M
Revenue Next Year
155.16M
from 84.22M
Increased by 84.23%
from 84.22M
EPS This Year
-0.36
from -0.40
from -0.40
EPS Next Year
-0.22
from -0.36
from -0.36
| Fiscal Year | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|
| Period Ending | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
| Revenue | 7.68M | 13.02M | 21.20M | 31.13M | 45.87M | 84.22M | 155.16M |
| Revenue Growth | - | 69.56% | 62.84% | 46.86% | 47.36% | 83.59% | 84.23% |
| EPS | -5.56 | -6.59 | -1.18 | -0.74 | -0.40 | -0.36 | -0.22 |
| EPS Growth | - | - | - | - | - | - | - |
| Forward PE | - | - | - | - | - | - | - |
| No. Analysts | - | - | - | - | - | 9 | 9 |
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
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 | -0.36 | -0.22 |
| Low | -0.42 | -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.
