Key Highlights:
- SoundHound AI (SOUN, Financial) shares have fallen by 24.9% over the past month, despite promising revenue growth projections.
- Analysts' consensus points to a potential upside of 65.02% with an average price target of $14.57.
- GuruFocus estimates indicate a potential downside of 15.52% based on GF Value assessments.
SoundHound AI (SOUN) has faced a significant stock decline of 24.9% over the past month, diverging from the broader market trends. However, the company's projected revenue growth remains robust, with expectations of a 160.6% annual increase this quarter. Despite the stock currently trading at a premium compared to its peers, these projections could indicate potential future value.
Wall Street Analysts Forecast
According to seven Wall Street analysts, SoundHound AI Inc (SOUN, Financial) is projected to have an average one-year price target of $14.57. The forecasts range from a high of $26.00 to a low of $8.00, implying a potential upside of 65.02% from its current price of $8.83. For more comprehensive estimate data, visit the SoundHound AI Inc (SOUN) Forecast page.
The consensus recommendation from seven brokerage firms places SoundHound AI Inc (SOUN, Financial) at an average rating of 2.3, which indicates an "Outperform" status. This scale spans from 1 to 5, with 1 being a Strong Buy and 5 representing a Sell.
From a value perspective, GuruFocus predicts that the GF Value for SoundHound AI Inc (SOUN, Financial) in one year will be $7.46, suggesting a potential downside of 15.52% from the current price of $8.83. The GF Value represents GuruFocus' estimate of the fair value at which the stock should trade, calculated using historical multiples, past business growth, and future performance forecasts. For more detailed assessments, refer to the SoundHound AI Inc (SOUN) Summary page.
