Analysts see 70% upside for SOUN after Q2 revenue surged 45% year-over-year to $61.9 million, topping estimates.
SoundHound AI (NASDAQ:SOUN) shares have dropped 55% over the past 12 months, trading at $7.48 despite a 45% year-over-year revenue increase in Q2 to $61.9 million, beating the $52.4 million consensus. The decline reflects investor concerns over cash burn and dilution risk, though the company’s voice and agentic AI software continues expanding in automotive, healthcare, and financial services.
The stock peaked at $22.17 in the last 52 weeks but fell sharply despite strong top-line growth. Analysts’ average price target of $12.71 implies 70% upside, while one prominent analyst sets a Street-high target of $20, suggesting 167% potential gains. The pending LivePerson acquisition could further reshape SoundHound’s revenue base heading into 2027.
Wall Street remains divided as losses narrow but cash flow concerns persist. Peers like Cerence (CRNC) and C3.ai (AI) also declined over the past year but lack comparable consensus upside.