SOUN Stock Forecast 2024, 2025, 2030, 2040, 2050. SoundHound AI Inc.’s powerful financial outlook backed by Nvidia, has a consensus rating of Strong Buy, with projected substantial increases in revenue and earnings. Discover SoundHound AI Inc. (SOUN) Artificial Intelligence (AI) sector as one of the best stocks to buy under $10 in upcoming years.
The company’s strong partnerships with Nvidia, technological innovations, and market growth potential make it a compelling investment opportunity for those looking to capitalize on the future of AI and voice recognition technologies.
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Their consensus 12-month SoundHound AI stock price target is $7.40 reporting $17.1 million of revenue, representing a decrease of 3.93% over the $4.65 closing price on June 8, 2024.
By 2025, SoundHound AI’s stock is predicted to average $7.87, with possible prices between $5.07 and $10.14, a 48% increase from its last price of $4.80. Revenue is expected to grow by 50%, reaching $100 million. However, due to ongoing losses and reliance on shareholder funding, it may be wise to wait for more data before investing. The stock is expected to be around $7.07 by the end of 2025.
SoundHound AI price Prediction 2030 would climb from $16.18 to $22.10, up 95%, and is projected to grow at a CAGR of 14.9% by Grand View Research and 25% by Fortune Business Insights from 2023 to 2030.
SoundHound AI (NASDAQ: SOUN) application is Whopping in the AI industry with its innovative voice recognition software and partnership with Nvidia. The stock has skyrocketed by 200% in 2024, offering significant gains for early investors.
According to the latest analyst estimates on MarketWatch Predict that SOUN (SoundHound AI Inc.) stock has an average price target of $7.17, with a high of $9.50, a median of $7.00, and a low of $5.00, compared to the current price of $4.93.
In the short term, Stockinvest.us predicts a -22.74% drop for SOUN stock over the next 3 months, with an expected price range of $1.53 to $5.44.
What is SoundHound AI Inc?
SoundHound AI Inc.’s independent voice AI platform acts as a conduit for individuals and brands by facilitating personalized conversational interactions. This platform enables the integration of voice capabilities into products, services, and applications, enhancing user experiences. Additionally, it provides companies with valuable insights and analytics derived from user interactions, empowering them to exercise greater control over and ownership of the customer experience while fostering brand engagement.
SoundHound offers a comprehensive product lineup. This includes a voice AI developer platform, SoundHound Chat AI, and the widely used music recognition application, SoundHound. The company’s overarching mission is to integrate voice AI into various facets of technology, aiming to make it ubiquitous.
Company Profile
| Company | SoundHound AI Inc. |
|---|---|
| Symbol | SOUN |
| Trade | NASDAQ |
| Founded | Sept. 2005 |
| Founder | Keyvan Mohajer |
| Headquaters | Santa Clara, CA |
| Employees | 260 (2023) |
| Revenue | 45.9 million USD (2023) |
SoundHound AI Inc (SOUN) Stock Fundamental Analysis
| Previous Close | $4.78 |
| Open | $4.78 |
| Day’s Range | $4.76 – $4.98 |
| 52 Week Range | $1.49 – $10.25 |
| Volume | 10,690,200 |
| Avg. Volume | 44,980,374 |
| 1-Year Target Estimate | $7.43 |
| Market Cap (intraday) | $1.623 billion |
| Beta (5Y Monthly) | 3.27 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -$0.38 |
| Earnings Date | 8/ 6/ 2024 – 8/ 12/ 2024 |
| Forward Dividend & Yield | N/A |
| Ex-Dividend Date | N/A |
SoundHound AI Inc (SOUN) Stock Forecast and Price Prediction Analytics
According to short-term price targets provided by five Wall Street analysts, the average price target for SoundHound AI, Inc. is $7.00. The forecasts vary between a low of $4.98 and a high of $9.00. This average price target indicates a 43.88% increase from the last trading day price of $4.95.
SoundHound AI Inc (SOUN) Stock Historical Graph Chart
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Long-term SOUN Stock Price Forecast for 2025, 2030, 2035, 2040, 2045, 2050, and 2060
According to the latest long-term forecast, the SOUN price will hit $5.00 by the middle of 2024 and then $10.14 by the end of 2025. SoundHound AI will rise to 16.80 within the year 2030, $28.97 in 2035, $39.86 in 2040, $45.65 in 2050, and $103.46 by 2060.
| Year | Prediction | Change |
|---|---|---|
| 2024 | $4.90 | 3.14% |
| 2025 | $10.14 | 113.01% |
| 2030 | $16.80-$22.10 | 242.86% |
| 2035 | $28.97 | 491.02% |
| 2040 | $39.86 | 713.88% |
| 2045 | $45.65 | 831.63% |
| 2050 | $52.63 | 974.08% |
| 2060 | $103.46 | 2010.20% |
SOUN Stock Forecast 2024
Based on short-term projections, the SOUN stock forecast indicates a substantial increase of 3.14% and will reach an average price of $3.95 per share by June 25, 2024. The high prediction stands at $7.00 per share, while the low estimate is $1.73 below its current price.
SOUN Stock Forecast 2025
SoundHound AI stock (SOUN Stock Prediction) will reach an average price target of $8.14 per share by the end of 2025 with a high prediction of $10.14 and a low prediction of 2.00. This SOUN forecast is based on the stock’s average growth over the past 10 years. This is a whopping 113.01% increase from its current price.
SoundHound Stock Prediction 2030
SoundHound AI, Inc. Class A (SOUN) Stock is expected to reach an average price of $16.80 in 2030, with a high forecast of $22.10 and a low forecast of $9.14. SoundHound AI continues to impress with its financial prowess and strategic moves, but the SoundHound stock prediction for 2030 remains optimistic. With a strong earnings history and favorable valuation metrics, SOUN appears well-positioned for sustained growth in the coming years.
SOUN Stock Forecast 2035
Nasdaq suggests that the market capitalization could reach approximately 11,700 million by 2030 to 2035, representing a significant increase of about 550% from its current market cap at the time of the prediction.
On Average by 2035, our experts believe SoundHound AI price would move from an average price of $20.15 to a high prediction of $28.97 representing a +491.02% increase from its last price of $5.81.
SOUN Stock Forecast 2040
SoundHound AI (SOUN) stock price prediction forecasts an exponential growth map in 2040, with an average price target of $38.00 per share, a high forecast of 39.86, and a low forecast of $12.38 from its last closing price.
SOUN Stock Forecast 2045
SoundHound AI (SOUN) stock is expected to reach a remarkable peak with an average price of $41.64 per share by the end of 2045, with a high prediction of $45.65 and a low estimate of $9.17. SOUN stock will grow 831.63% from its current price.
SOUN Stock Forecast 2050
SoundHound AI (SOUN) stock price could skyrocket to an average price of $50.43 by 2050 with a high prediction of $52.63 and a low estimate of $19.17. SOUN stock will grow 974.08% from its current price.
SOUN Stock Forecast 2060
However it’s impossible to generate a precise price prediction for any stock, using artificial intelligence and some calculations, we estimate that SoundHound AI shares could reach an average price of $100.00 per share by 2060. This forecast is based on a potential growth of 2010.20% over the next two decades.
What is SoundHound AI stock forecast for 2025?
On Average, SOUN Stock Prediction for 2025 is priced at $ 10.98 per share with a high prediction of $10.14 and a low prediction of 2.00 from its current price of $5.05.
What is SOUN AI stock Price Prediction for 2030?
SoundHound AI, Inc. stock forecast for 2030, SOUN stock will be priced at $ 16.80 in 2025. The average price target is $15.14 per share from the current price.
What is SoundHound AI stock Price Prediction for 2035?
SoundHound AI, Inc. stock forecast for 2035, SOUN stock will be priced at $28.97 in 2025. The average price target is $25.14 per share from the current price.
Is Nvidia investing in SoundHound?
The chip giant made a relatively small investment, spending nearly $3.7 million to take a 0.6% stake in the company.
Ashish Dwivedi is the founder and chief editor of MoneyMystica, a top resource for finance, insurance, and share market insights. Driven by a passion for empowering individuals to make informed financial decisions, Ashish uses his extensive knowledge and practical experience to offer clear and actionable advice.
