Analysts maintain bullish ratings on SOUN with an average price target of $12.75, implying significant upside after recent declines.
SoundHound AI (NASDAQ:SOUN) will release second-quarter earnings on August 5, a report investors view as critical after the stock fell over 40% since early 2026. Shares have declined nearly 30% since early May, trading near $9 despite persistent optimism from Wall Street.
All four analysts covering SOUN rate the stock a “buy,” with an average price target of $12.75, suggesting more than 100% upside over the next year. Cantor Fitzgerald’s Thomas Blakely remains the most bullish, reaffirming his $15 target on May 8. Blakely highlights the company’s execution in cross-selling voice and conversational AI services to its customer base, bolstered by the 2024 acquisition of Amelia.
The company’s latest investor presentation emphasizes its ability to sell integrated AI solutions across multiple industries. However, market focus will center on whether SoundHound AI has made tangible progress in expanding its enterprise AI footprint.