SoundHound Stock Price Prediction 2024, 2025, 2030, 2035, 2040

SoundHound Stock Price Prediction – The outlook for SoundHound AI Inc (SOUN) stock price over the next 12 months appears promising, as indicated by analysts’ forecasts. The average analyst price target stands at $5.3767, signaling a positive trajectory with a notable increase of +38.22% from the current price of $3.89. Analysts have set a range of price targets, with the highest target at $7.6958 and the lowest at $3.0576.

In addition to analyst projections, our technical indicators suggest a bullish sentiment, indicating the potential for SOUN to reach $16.25 by 2025. Considering this optimistic outlook, now may be an opportune moment to consider initiating new positions on SOUN, especially given the favorable conditions in bullish markets.

CategoryInformation
Current Price$3.99 (as of February 20, 2024, 4:00 PM EST)
Market Cap$1.02 billion
52-Week Range$1.62 – $4.35
Recent News– SoundHound AI to Acquire SYNQ3 Creating Largest Restaurant Voice AI Provider (February 16, 2024)
– Northland Capital Markets Maintains SoundHound AI at ‘Outperform’ with a Price Target of $4.00 (August 9, 2023)
Analyst RatingNorthland Capital Markets: Outperform, Price Target $4.00
Key Statistics
Revenue (TTM)$22.5 million
Net Loss (TTM)$63.4 million
Gross Margin-81.4%
Cash and Equivalents$131.9 million
Total Debt$82.1 million
Risks– Unprofitable with history of net losses
– Early stage technology, adoption uncertain
– Competition from larger companies
Opportunities– Rapidly growing voice AI market
– Strategic partnerships with major companies
– Wide range of potential applications
OverallHigh-risk, high-reward investment
Potential major player in voice AI market, but faces challenges

SoundHound Stock Price Prediction 2024, 2025, 2030, 2035, 2040

YearAverageLowHighH
2024$4.0769$3.266$7.6958
2025$17.32$0.0604$16.25
2026$8.5249$8.9449$18.06
2027$26.49$1.7112$28.43
2028$12.03$12.48$25.77
2029$34.26$3.6018$38.79
2030$14.89$14.57$33.71
2035$51.02$9.2736$70.84
2040$103.94$14.95$104.27
2045$50.78$50.87$110.84
2050$114.87$24.40$160.00
Below are the year-wise predictions based on the provided table:

SoundHound Stock Price Prediction 2024:

Predicted average price around $4.08, with a range from $3.27 to $7.70, showcasing a 4.81% increase from the current price.

SoundHound Stock Price Prediction 2025:

Forecasted average price of $17.32, with a low of $0.06 and a high of $16.25, representing a substantial surge of 345.15% from the current price.

SoundHound Stock Price Prediction 2026:

Estimated average price reaching $8.52, fluctuating between $8.94 and $18.06, indicating a 119.15% increase from the current price.

SoundHound Stock Price Prediction 2027:

Projected average price at $26.49, with a low of $1.71 and a high of $28.43, showcasing a significant surge of 581.00% from the current price.

SoundHound Stock Price Prediction 2028:

Anticipated average price hitting $12.03, ranging from $12.48 to $25.77, signaling a rise of 209.22% from the current price.

SoundHound Stock Price Prediction 2029:

Expected average price of $34.26, with a low of $3.60 and a high of $38.79, indicating a remarkable increase of 780.63% from the current price.

SoundHound Stock Price Prediction 2030:

Forecasted average price at $14.89, fluctuating between $14.57 and $33.71, showcasing a substantial rise of 282.88% from the current price.

SoundHound Stock Price Prediction 2035:

Predicted average price reaching $51.02, ranging from $9.27 to $70.84, indicating a remarkable surge of 1211.45% from the current price.

SoundHound Stock Price Prediction 2040:

Estimated average price at $103.94, fluctuating between $14.95 and $104.27, marking a significant increase of 2571.85% from the current price.

SoundHound Stock Price Prediction 2045:

Anticipated average price of $50.78, with a low of $50.87 and a high of $110.84, showcasing a substantial surge of 1205.40% from the current price.

SoundHound Stock Price Prediction 2050:

Projected average price hitting $114.87, ranging from $24.40 to $160.00, indicating a significant rise of 2853.06% from the current price.

Read More

Leave a Comment