Scott Buck, an analyst from H.C. Wainwright, maintained the Buy rating on SoundHound AI, Inc Class A. The associated price target remains the same with $18.00.
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Scott Buck has given his Buy rating due to a combination of factors including SoundHound AI, Inc.’s impressive financial performance and promising future outlook. The company reported a significant revenue beat in the second quarter of 2025, with $42.7 million in revenue, surpassing both the firm’s and the market’s expectations. This strong performance is attributed to both recent acquisitions and robust organic growth, which have positioned the company for continued success.
Additionally, SoundHound AI, Inc. has raised its full-year revenue guidance, indicating confidence in its growth trajectory. The company is expected to achieve approximately 100% revenue growth from 2024 at the midpoint of its guidance range. Furthermore, the potential for margin expansion and positive adjusted EBITDA by the fourth quarter of 2025, along with a well-capitalized balance sheet, supports the Buy rating. These factors, combined with a strategic focus on organic growth through new contracts and customer expansion, suggest a favorable outlook for the company’s stock price.
In another report released on August 8, D.A. Davidson also reiterated a Buy rating on the stock with a $15.00 price target.
Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SOUN in relation to earlier this year.