SoundHound AI (SOUN) continues to capture investor attention amid the ongoing AI boom. SOUN stock has surged nearly 90% over the past six months, leaving many price targets trailing below the current trading level. Still, four-star-rated analyst Scott Buck of H.C. Wainwright sees more room to run. With demand for conversational AI rising and partnerships expanding across the automotive and tech sectors, Buck estimates that SoundHound shares could rally more than 40% from here.
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For context, SoundHound AI specializes in voice recognition and natural language processing, offering AI-driven solutions across industries.
Wainwright Stays Bullish on SOUN’s Long-Term AI Growth
Earlier this month, Buck boosted his price target from $18 to a Street-high of $26. He said the increase reflects stronger confidence in SoundHound’s long-term growth outlook, even if the stock looks pricey today.
Buck remains confident in SOUN stock for the long haul. He noted that the recent rally is mainly driven by excitement in the market rather than the company’s current financials. Investors are riding the hype right now, which is pushing the stock higher in the short term.
Looking ahead, the analyst believes the real growth story will start to show. As more industries adopt SoundHound’s voice AI technology, the company is expected to scale its business, boost revenue, and steadily improve its profitability. Buck also said that SOUN shares could see much stronger gains in the coming months, with its upcoming November Q3 earnings report offering a possible trigger for further upside.
What Lies Ahead for Investors?
SOUN stock still remains about 7% lower year-to-date. As an early-stage AI company, its shares can swing sharply with market sentiment, creating both risks and potential opportunities.
SoundHound continues to benefit from rising demand for voice AI and a growing customer base. The company is not profitable yet, but revenue growth and a stronger outlook support its long-term potential. At the same time, a high valuation and ongoing losses make it a high-risk, high-reward play.
What Is the Price Target for SOUN?
According to TipRanks, SOUN stock has received a Moderate Buy consensus rating, with five Buys and two Holds assigned in the last three months. The average SoundHound stock price target is $16.67, suggesting a potential downside of over 9% from the current level.
