SoundHound Stock Price Prediction – The outlook for SoundHound AI, Inc. (SOUN) Stock Prediction & Price Targets over the next 12 months appears promising, as indicated by analysts’ Prediction. 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.
| Category | Information |
|---|---|
| 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 Rating | Northland 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 | |
| Overall | High-risk, high-reward investment |
| Potential major player in voice AI market, but faces challenges |
SoundHound Stock Price Prediction 2024, 2025, 2030, 2035, 2040
| Year | Average | Low | High | H |
|---|---|---|---|---|
| 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 |
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.
Disclaimer:
The information in this article is solely the author’s opinion and does not constitute investment advice; it is provided solely for educational purposes. By using this, you acknowledge that the information does not constitute investment or financial advice. Before making any investment decisions, do your own research and consult with financial advisors.
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