#1 - SoundHound AI (NASDAQ:SOUN)
SoundHound AI Inc. (NASDAQ: SOUN) was one of the best-performing stocks in 2024, rising over 840%. The company is tightly focused on using Voice AI solutions to move from sound recognition to conversational intelligence.
SoundHound’s technology is being used by over 10,000 restaurant locations. And, as 2025 begins, McDonald’s Corp. (NYSE: MCD) is considering using the company’s technology in its 40,000 locations. It’s also being used in a range of other industries, including automotive, smart devices, hospitality, and contact centers.
Through the first three quarters of 2024, SoundHound nearly doubled its revenue year-over-year. However, the reason why you can still get the stock for under $20 (as of January 2, 2025) is that the company has yet to turn a profitable quarter. That’s not forecast to change in 2025; but, if it does, SOUN stock is likely to make a sharply higher move. And one reason to believe it could happen is that analysts started raising their price targets in December.
About SoundHound AI
SoundHound AI, Inc develops independent voice artificial intelligence (AI) solutions that enables businesses across automotive, TV, and IoT, and to customer service industries to deliver high-quality conversational experiences to their customers. Its products include Houndify platform that offers a suite of Houndify tools to help brands build conversational voice assistants, such as Application Programming Interfaces (API) for text and voice queries, support for custom commands, extensive library of content domains, inclusive software development kit platforms, collaboration capabilities, diagnostic tools, and built-in analytics; SoundHound Chat AI that integrates with knowledge domains, pulling real-time data like weather, sports, stocks, flight status, and restaurants; and SoundHound Smart Answering is built to offer customer establishments custom AI-powered voice assistant.
Read More - Current Price
- $17.98
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 4 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $12.07 (32.9% Downside)
