
SOUN Stock Forecast & Price Target
SOUN Analyst Ratings
Bulls say
SoundHound AI Inc. is projected to experience significant revenue growth, with forecasted revenues of $170 million for 2025, exceeding previous estimates and the company's midpoint guidance. The company has secured over $1 billion in a multi-year backlog and anticipates long-term growth of 50%, driven by advancements in productivity and customer engagement through its voice and agentic AI solutions. Additionally, with expectations of a 40-50% growth in its automotive segment and a projected 79% increase in restaurant revenue for FY25, the outlook for SoundHound AI remains positive as it builds on momentum from strong bookings and strategic acquisitions.
Bears say
SoundHound AI Inc. is facing ongoing revenue challenges, with a reported 15% decline in pro forma revenue for the third quarter of 2024, and an expected similar decline for the fourth quarter. The company’s gross margin has also significantly decreased to 39.9% from 48.6% sequentially and 77.2% year-over-year, indicating a shift towards lower-margin business segments due to recent mergers and acquisitions. Additionally, SoundHound's stock has underperformed significantly this year, declining 29% compared to a modest 2.2% decline in the Russell 2000 Index, raising concerns about its competitive positioning and future profitability prospects.
This aggregate rating is based on analysts' research of SoundHound AI Inc and is not a guaranteed prediction by Public.com or investment advice.
SOUN Analyst Forecast & Price Prediction
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