Company Overview - SoundHound AI specializes in voice-based AI solutions, including drive-thru order processing and hands-free car feature activation [10] - The company monetized its technology to the tune of $25 million during the quarter ending in September, up 89% year over year [1] - SoundHound AI is positioned to capture its fair share of the growing speech recognition market [7] Industry Growth - The global speech recognition industry is poised to grow at an annualized pace of 17% through 2032 [2] - Technology stocks, including those in AI, are driving significant social, economic, and cultural changes [3] Competitive Landscape - Major tech companies like Microsoft, Google, and OpenAI have the potential to develop similar voice-based AI solutions [4] - SoundHound AI's technology, while impressive, lacks uniqueness, which could be a concern for long-term growth [17] Financials and Valuation - SoundHound AI shares are trading at roughly 100 times its trailing-12-month revenue, compared to the S&P 500's price-to-sales ratio of 3.1 [12] - The company continues to issue new stock to raise funds, diluting existing shareholders [18] - Analysts' consensus price target of $14.36 is 40% below the current share price [18] Market Perception - SoundHound AI's stock has seen a 300% price spike since late October, indicating investor optimism [9] - The company is viewed as an underappreciated pure-play AI company with potential for accelerated growth and new market prospects [6] Future Prospects - SoundHound AI could potentially develop new marketable technologies with wider defensive moats [13] - The company's top line could grow more than 30-fold and still be priced in line with its peers [14]

With today's gains, SoundHound AI stock is now up more than 1,000% in 2024.SoundHound AI (SOUN 17.61%) stock is posting big gains in Thursday's trading. The company's share price was up 17.9% as of 12:30 p.m. ET.SoundHound AI stock is surging amid a day of strong momentum for meme stocks. Speculative growth plays are seeing a strong rebound on the heels of recent valuation volatility, and the conversational artificial intelligence (AI) is also getting a boost from bullish analyst coverage.SoundHound AI stoc ...

Valuation and Investment Perspective - SoundHound's forward price-to-sales (P/S) ratio is nearly 90, indicating a high valuation despite the company not being profitable yet [1] - The stock is considered an aggressive investment, with potential for a profitable future as use cases grow [1] - The company's scalable platform is expected to allow revenue, adjusted EBITDA, and earnings to catch up to the share price over time [6] Stock Performance - SoundHound AI stock has more than quadrupled over the last three months and is up by 860% year to date [3] - Wall Street analyst Scott Buck maintains a "buy" rating and raised the price target from $8 to $26 per share, implying a 27% upside [7] Market Expansion and Revenue Growth - The market for voice technology has expanded from customer service sectors to automotive use cases, integrating cloud-based large language models into vehicles [4] - Recent acquisitions are expected to significantly increase the scope of SoundHound's business in retail, healthcare, and financial services [5] - SoundHound management has increased revenue guidance for this year and estimates sales will approximately double in 2025 [8] Industry Demand - Demand for voice generative AI is expected to continue growing across multiple sectors [5]

SoundHound AI (SOUN -0.93%) has simply taken off in the past couple of years. Shares of the voice artificial intelligence (AI) solutions provider shot up a phenomenal 1,940% during this period thanks to the growing AI craze, an investment in the company by Nvidia, and solid results from the company in recent quarters.So, if you bought just $100 worth of SoundHound AI stock two years ago, your investment would now be worth an impressive $2,000. The stock witnessed wild swings during this period, though it wo ...

These days, you can't find an investment bank analyst who's not excited about a handful of artificial intelligence (AI) stocks. Since ChatGPT exploded in popularity in late 2022, businesses of all sizes have been hurling money at new AI solutions with both hands to avoid getting left behind.One stock that's benefited immensely from the AI revolution is SoundHound AI (SOUN -6.09%). Enterprise customers license its technology to support their voice-activated AI agents, which are like chatbots that can behave ...

SoundHound AI (SOUN 15.38%) is likely one of the cheapest artificial intelligence (AI) stocks available (at least on a dollar-per-share basis). While most brokerages offer fractional shares, not all do, and that can limit what stocks investors can buy.At around $20, SoundHound is a fairly affordable investment for most people, but the stock is far from cheap. How can a stock be affordable and expensive at the same time? It's all about valuation.SoundHound's stock has been on fire latelySoundHound AI is one ...

Core Insights - SoundHound AI stock experienced significant volatility, initially rising over 40% before settling with a weekly gain of approximately 10.3%, resulting in a year-to-date return of 780% [1][2] Financial Performance - The company raised its revenue guidance for 2024, now projecting full-year revenue between $82 million and $85 million, up from a previous midpoint of $71 million [2] - For 2025, SoundHound anticipates sales in the range of $155 million to $175 million [2] Analyst Insights - A bullish report from Wedbush analyst Dan Ives increased the price target for SoundHound from $10 to $22 per share, highlighting the company's potential as an underappreciated pure-play AI firm [2][4] - Ives believes SoundHound will expand its total addressable market and growth trajectory by 2025, particularly in new verticals like healthcare [2][4] Strategic Moves - SoundHound completed the acquisition of enterprise AI software company Amelia in the third quarter, which is expected to enhance its capabilities in enterprise conversational AI, especially in the healthcare sector [3][4] Valuation Metrics - Despite the stock's significant price increase, SoundHound remains unprofitable, with a forward price-to-sales (P/S) ratio of approximately 83, indicating a high level of risk for investors [4]

SoundHound AI (SOUN -7.34%) stock is seeing big sell-offs in Thursday's trading. The company's share price was down 12.3% as of 11:30 a.m. ET. Meanwhile, the S&P 500 index was up 0.6%, and the Nasdaq Composite index was up 0.7%.Despite being down big as of this writing, SoundHound AI stock actually started the day with big gains. The conversational artificial intelligence (AI) specialist's share price had been up as much as 14.1% earlier in the session.Why SoundHound AI stock is highly volatile todaySoundHo ...

The voice AI company is growing revenue, but profits are several years away.*Stock prices used were the afternoon prices of Dec. 14, 2024. The video was published on Dec. 16, 2024. ...

SoundHound AI Inc SOUN stock skyrocketed 713% this year and 173% this month.The company, which specializes in voice AI technology, is trading at an all-time — and 52-week high — of $17.29 on Friday. Chart created using Benzinga ProSOUN stock's technical signals are flashing green across the board. Trading well above its eight, 20 and 50-day simple moving averages, SoundHound is in strongly bullish territory.Key indicators like its relative strength index (RSI) of 80.89 may point to an overbought status, bu ...