Oppenheimer Initiates Coverage of SoundHound AI (SOUN) With a Perform Rating
Written by Emily J. Thompson, Senior Investment Analyst
Source: Yahoo Finance
Updated: Sep 13 20250mins
Analyst Coverage: Oppenheimer analyst Brian Schwartz initiated coverage of SoundHound AI (NASDAQ: SOUN) with a Perform rating, highlighting its strong conversational AI technology and potential for durable growth.
Concerns and Comparisons: Despite its strengths, there are concerns about competitive threats and the company's ability to meet sales expectations, leading to a belief that other AI stocks may offer better investment opportunities.
SOUN.O
$0.0000%Past 6 months
Line
|
Candle
1D
5D
1M
3M
6M
YTD
1Y
5Y
No Data
Powered By
Intellectia
Analyst Views on SOUN
Wall Street analysts forecast SOUN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SOUN is 17.20 USD with a low forecast of 13.00 USD and a high forecast of 26.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
2 Buy
4 Hold
0 Sell
Moderate Buy
Current: 12.800
Low
13.00
Averages
17.20
High
26.00
Current: 12.800
Low
13.00
Averages
17.20
High
26.00
Piper Sandler
Neutral
maintain
$12 -> $15
2025-11-07
Reason
Piper Sandler
Price Target
$12 -> $15
2025-11-07
maintain
Neutral
Reason
Piper Sandler raised the firm's price target on SoundHound to $15 from $12 and keeps a Neutral rating on the shares following quarterly results. The firm notes the company reported results that were slightly better than expected, with a large IoT win an interesting highlight as SoundHound shows traction in APAC, but Q4 organic guide was implicitly lowered.
H.C. Wainwright
Buy
maintain
$18 -> $26
2025-10-16
Reason
H.C. Wainwright
Price Target
$18 -> $26
2025-10-16
maintain
Buy
Reason
H.C. Wainwright raised the firm's price target on SoundHound to $26 from $18 and keeps a Buy rating on the shares. The firm sees "material outperformance" of the shares as likely over the coming months, with the Q3 results in November serving as a potential catalyst. SoundHound's 2026 Street revenue forecasts do not include any contribution from the recent acquisition of Interactions Corporation, which should contribute materially in 2026, the analyst tells investors in a research note.
Oppenheimer
Brian Schwartz
initiated
2025-09-11
Reason
Oppenheimer
Brian Schwartz
Price Target
2025-09-11
initiated
Reason
Oppenheimer analyst Brian Schwartz initiated coverage of SoundHound with a Perform rating. The firm believes SoundHound has potential to be a durable growth compounder. The company has a strong conversational AI technology platform that's supported by referenceable customers who view it as a leader in speech-to-meaning capabilities, data sciences, unstructured analytics, and technology vision. Oppenheimer concludes that SoundHound has a technology advantage in the Voice AI market, a compelling value proposition, an enviable backlog-to-revenue ratio, and is well run. However, the firm worries that potential newer competitive threats and the pace of penetrating existing and new verticals may not match the bullish expectations reflected in the sales multiple of 26x its 2026 EV/revenue estimate.
DA Davidson
Gil Luria
Buy
maintain
$15 -> $17
2025-09-10
Reason
DA Davidson
Gil Luria
Price Target
$15 -> $17
2025-09-10
maintain
Buy
Reason
DA Davidson analyst Gil Luria raised the firm's price target on SoundHound to $17 from $15 and keeps a Buy rating on the shares. The company has announced its acquisition of Interactions, a provider of AI powered voice assistants to enterprises, for about $60M in cash with the potential for additional payments contingent on specific revenue milestones, and the firm views the acquisition favorably as it adds major brands for SoundHound to sell into and is expected to be immediately accretive to margins, the analyst tells investors in a research note.
See All Ratings
About SOUN
SoundHound AI, Inc. is engaged in conversational intelligence, offering voice and conversational artificial intelligence (AI) solutions that let businesses offer experiences to their customers. Through its proprietary technology, its voice AI delivers speed and accuracy in numerous languages to product creators and service providers across retail, financial services, healthcare, automotive, smart devices, and restaurants via AI-driven products, such as Smart Answering, Smart Ordering, Dynamic Drive Thru, and Amelia AI Agents. Along with SoundHound Chat AI, a voice assistant with integrated Generative AI, it powers various products and services, and processes billions of interactions each year for businesses. Its developer platform, Houndify, is an open-access platform that allows developers to leverage its Voice AI technology and a library of over 100 content domains, including commonly used domains for points of interest, weather, flight status, sports and more.
About the author
Preview
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Sigh Up to Get Intellectia Insights
What factors contribute to the bearish momentum of SOUN stock currently?
How does the partnership with Parkopedia enhance SoundHound's voice AI platform?
Will SOUN stock recover from its recent 38% decline in value?
Can SoundHound achieve its projected 50% upside in the next year?