SoundHound AI (SOUN): Analyst Sees 80% Upside in This Russell 2000 Voice AI Star

SoundHound AI (SOUN) is emerging as a standout player in the voice AI space within the Russell 2000 index. Backed by innovative technology and expanding business deals, the company shows strong potential for significant growth. Reflecting this optimism, analyst Scott Buck at H.C. Wainwright predicts that SOUN stock could climb more than 80%, making it an attractive opportunity for investors interested in the AI boom.

For context, SoundHound AI offers a voice technology platform that helps businesses add smart, conversational features to their products and services. Meanwhile, the Russell 2000 Index (IWM) tracks 2,000 U.S. small-cap stocks, serving as a key benchmark for these companies.

SoundHound AI Poised for Expansion

Recently, Buck gave a Buy rating on SOUN stock based on its strong growth potential and ability to handle tough economic times.

He noted that even though the company fell just short of revenue expectations for Q1 2025, it kept its full-year revenue forecast unchanged, helping ease investor worries. Buck also sees value in how SoundHound helps small and mid-sized businesses save money and work more efficiently, which could attract even more customers if economic challenges continue.

Furthermore, Buck highlighted SoundHound’s strong momentum in its restaurant segment, now operating in over 13,000 locations. This expansion plays a significant role in driving the company’s recurring annual revenue. He also pointed out that with a strong cash reserve of $246 million, the company is well-equipped to explore new acquisitions that could drive future growth.

Is SOUN Stock a Good Buy?

While Buck remains bullish on Sound Hound’s growth prospects, he isn’t alone in his optimism. Wall Street analysts broadly echo this positive sentiment.

According to TipRanks, SOUN stock has received a Moderate Buy consensus rating, with three Buys and three Holds assigned in the last three months. The average SoundHound price target for is $11.42, suggesting a potential upside of 14.54% from the current level.

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