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SoundHound AI Inc has a consensus price target of $9.5 based on the ratings of 7 analysts. The high is $22 issued by Wedbush on December 16, 2024. The low is $6 issued by Northland Capital Markets on August 9, 2024. The 3 most-recent analyst ratings were released by Wedbush, HC Wainwright & Co., and Barclays on December 16, 2024, November 14, 2024, and November 13, 2024, respectively. With an average price target of $12.33 between Wedbush, HC Wainwright & Co., and Barclays, there's an implied -33.33% downside for SoundHound AI Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for SoundHound AI (NASDAQ:SOUN) was reported by Wedbush on December 16, 2024. The analyst firm set a price target for $22.00 expecting SOUN to rise to within 12 months (a possible 18.92% upside). 23 analyst firms have reported ratings in the last year.
The latest analyst rating for SoundHound AI (NASDAQ:SOUN) was provided by Wedbush, and SoundHound AI maintained their outperform rating.
The last upgrade for SoundHound AI Inc happened on August 9, 2024 when Cantor Fitzgerald raised their price target to $7. Cantor Fitzgerald previously had a neutral for SoundHound AI Inc.
The last downgrade for SoundHound AI Inc happened on November 13, 2024 when Barclays changed their price target from $7 to $7 for SoundHound AI Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of SoundHound AI, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for SoundHound AI was filed on December 16, 2024 so you should expect the next rating to be made available sometime around December 16, 2025.
While ratings are subjective and will change, the latest SoundHound AI (SOUN) rating was a maintained with a price target of $10.00 to $22.00. The current price SoundHound AI (SOUN) is trading at is $18.50, which is within the analyst’s predicted range.
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