11
Wed, Mar

Is SoundHound AI Stock Going to $15?

Is SoundHound AI Stock Going to $15?

Financial News
Is SoundHound AI Stock Going to $15?

SoundHound estimates that its penetration in the automotive industry could increase from 3% to 5% currently to 40% to 45% in the long run, so this segment could move the needle in a significant way for the company. Additionally, SoundHound sees a $1 billion revenue opportunity for its voice solutions in the U.S. restaurant industry.

All this suggests that SoundHound is indeed capable of outperforming its guidance in 2026 and of sustaining healthy longer-term growth. SoundHound reduced its non-GAAP net loss per share from $0.20 in 2024 to $0.13 in 2025. So, there is potential for a combination of healthy revenue growth and bottom-line improvements to send SoundHound stock higher in the future.

The stock is headed to $15, according to analysts

SoundHound stock would need to jump by about 86% from current levels to reach a $15 share price. Incidentally, the stock's 12-month median price target stands at $14.50, according to the 10 analysts covering it. What's more, eight of the analysts covering SoundHound rate it as a buy.

The points discussed above tell us why that's the case. Importantly, the company is well-placed to outperform Wall Street's expectations. Analysts are anticipating a 38% increase in its revenue this year, followed by a 20% jump in the next one. However, it has guided for a stronger jump in 2026, and the researchers at Data Intelo predict that the voice AI solutions market could grow from $8 billion in 2024 to almost $61 billion in 2033. Market expansions in that neighborhood should ensure healthy growth for SoundHound AI for years to come.

That's why it makes sense to buy this tech stock while it's beaten down. If the company achieves the robust growth that's within its reach, it could indeed achieve that price target of almost $15 in the relatively near future.

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Harsh Chauhan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends SoundHound AI. The Motley Fool has a disclosure policy.

Is SoundHound AI Stock Going to $15? was originally published by The Motley Fool

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Original Source At Yahoo Finance

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