SoundHound AI Forecasts Revenue of $170 Million in 2025
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 17h ago
0mins
Source: Fool
- Massive Market Opportunity: SoundHound AI's voice AI solutions are gaining traction across various industries such as automotive and restaurants, with the voice AI market expected to grow at an annual rate of 28% through 2029, providing substantial growth potential for the company.
- Solid Customer Base: With over 400 patents in voice AI, SoundHound is positioned to maintain a competitive edge in the rapidly expanding market, while partnerships with industry leaders like Nvidia enhance user interaction response times and accuracy.
- Revenue Growth Expectations: SoundHound AI's revenue is projected to approach $170 million in 2025, nearly doubling from the previous year, with a 37% increase expected in 2026 to $230 million, indicating strong growth momentum.
- Optimistic Stock Outlook: Wall Street's median 12-month price target for SoundHound AI is $15.50, suggesting a 40% upside from current levels, reflecting a positive market sentiment regarding its future performance.
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 16.60 USD with a low forecast of 11.00 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.
7 Analyst Rating
5 Buy
2 Hold
0 Sell
Moderate Buy
Current: 10.450
Low
11.00
Averages
16.60
High
26.00
Current: 10.450
Low
11.00
Averages
16.60
High
26.00
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
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.
