Ladenburg sees 50% sales growth for SoundHound, keeps Buy after meetings

Ladenburg analyst Glenn Mattson reiterates a Buy rating on SoundHound with a $7 price target after hosting management for meetings. The company highlighted its goal of bringing voice enabled artificial intelligence to practical business applications, the analyst tells investors in a research note. The firm says the “growing momentum” in SoundHound’s Pillar II software-as-a-service software for restaurants “represents one very large use case whereby HOUN’s voice technology is able to harness the power of LLMs for specific business use cases to drive positive outcomes.” Ladenburg looks for 50% annual sales growth over the next two years with EBITDA profitability in the second half of 2025.