SoundHound AI (SOUN) has jumped over 95% in the past six months, boosted by strong voice tech demand and new deals in cars and restaurants. Impressively, its Q2 revenue more than tripled year-over-year, and the company is aiming to turn profitable by the end of 2025. With new products and growing use in areas such as healthcare and fast food, the company has upside potential ahead. Currently, technical indicators suggest that SOUN stock is a Strong Buy, implying further upside from current levels.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Analyzing SOUN Stock’s Technical Indicators
According to TipRanks’ easy-to-understand technical analysis tool, SoundHound stock is currently on an upward trend. The Moving Average Convergence Divergence (MACD) indicator, which helps understand momentum and potential price changes, signals a Buy.
Further, the stock’s 50-day Exponential Moving Average (EMA) is 14.1, while its price is $17.79, implying a bullish signal. Also, its shorter-duration EMA (20 days) signals an uptrend.
Another technical indicator, the Rate of Change (ROC), is a momentum-based technical indicator used to measure the percentage change in a stock’s price between the current price and the price from a specific number of periods earlier. Typically, a ROC above zero confirms an uptrend. SOUN stock currently has an ROC of 10.77, which signals a Buy.
Moreover, Williams %R helps traders see if a stock is overbought or oversold. For SoundHound, Williams %R currently shows a Buy signal, suggesting the stock is not overbought and has room to run.
What Is the Price Target for SOUN Stock?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on SOUN stock based on five Buys and three Holds assigned in the past three months. Further, the average SoundHound price target of $15.43 per share implies 13.61% downside risk.
