Despite a notable decline in consensus revenue growth forecasts, analysts have modestly raised their fair value estimate for SoundHound AI, with the price target increasing from $11.81 to $12.44.
What's in the News
- SoundHound AI launched Vision AI, integrating visual perception and voice capabilities for context-aware, real-time enterprise applications across automotive, retail, industrial, and mobile environments.
- The company raised its 2025 revenue outlook to $160-$178 million.
- SoundHound Chat AI Automotive, an in-car voice assistant powered by generative AI, has been deployed in vehicles from three major global automotive brands, enhancing in-car voice experiences and enabling voice commerce.
- Strategic partnerships announced with Acrelec (to bring AI-powered drive-thru solutions to global restaurant chains) and AVANT Communications (to expand adoption of enterprise AI automation across industries).
- SoundHound AI and Peter Piper Pizza launched an AI voice ordering system for all locations in Arizona and Albuquerque, automating phone orders and handling FAQs to improve guest and staff efficiency.
- Deployed “Alli,” an AI agent for Allina Health, reducing call times and improving patient engagement through voice automation integrated with electronic health records.
- SoundHound AI was dropped from several major Russell indices, including Russell Microcap and Russell 3000E (and corresponding growth indices).
- Amended articles of association following AGM shareholder approval.
Valuation Changes
Summary of Valuation Changes for SoundHound AI
- The Consensus Analyst Price Target has risen from $11.81 to $12.44.
- The Consensus Revenue Growth forecasts for SoundHound AI has significantly fallen from 41.7% per annum to 32.8% per annum.
- The Future P/E for SoundHound AI remained effectively unchanged, moving only marginally from 188.58x to 189.09x.
Disclaimer
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