SoundHound AI Inc. is an American technology company specializing in voice recognition and artificial intelligence. Known for its advanced voice-enabled AI platforms, SoundHound offers solutions that help businesses and consumers interact with devices using natural language. The company’s key products include its voice search and conversational AI technologies, which power a range of applications, from smart assistants to automotive systems. SoundHound Stock Price on NASDAQ as of 11 December 2024 is 14.22Ìý±«³§¶Ù. Here will provide you more details on Soundhound Stock Price Prediction 2024, 2025, 2026 to 2030.
SoundHound AI Inc: Market Overview
- Open: $14.27
- High: $15.36
- Low: $14.23
- Mkt cap: $525.97Cr
- P/E ratio: N/A
- Div yield: N/A
- 52-wk high: $16.07
- 52-wk low: $1.62
Soundhound Stock Price Chart
Soundhound Stock Price Prediction Tomorrow 2024 To 2030
Soundhound Stock Price Prediction Years | Stock Price Prediction |
2024 | $16.10 |
2025 | $25.30 |
2026 | $40.15 |
2027 | $55.25 |
2028 | $70.20 |
2029 | $85.40 |
2030 | $100 |
Soundhound Stock Price Prediction 2024
Soundhound Stock Price Prediction 2024 Expected Price could be $16.10. Here are 4 Key Factors Affecting Growth for SoundHound Stock Price Prediction in 2024:
- Adoption of AI and Voice Technology: The increasing demand for AI-powered voice assistants and voice recognition technology across industries, including automotive, consumer electronics, and smart home devices, will drive SoundHound’s growth.
- Partnerships and Integrations: Collaborations with major tech companies, car manufacturers, and other industry players to integrate SoundHound’s AI solutions into their products can significantly boost revenue and market visibility.
- Product Innovation: Continued innovation in AI-driven solutions, particularly enhancing accuracy, language understanding, and real-time voice processing, will strengthen SoundHound’s competitive edge in the market.
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Global Expansion: Expanding SoundHound’s presence in international markets where AI adoption is increasing, particularly in Asia and Europe, could open up new revenue streams and growth opportunities.
Soundhound Stock Price Prediction 2025
Soundhound Stock Price Prediction 2025 Expected Price could be $25.30. Here are 4 Risks and Challenges for SoundHound Stock Price Prediction in 2025:
- Intense Competition: The voice recognition and AI market is highly competitive, with major players like Google, Amazon, and Apple investing heavily in similar technologies, which could limit SoundHound’s market share.
- Technological Challenges: The rapid pace of innovation in AI and voice technology means that SoundHound must continually enhance its offerings. Any delays or failures in keeping up with technological advancements could hinder its growth.
- Data Privacy and Security Concerns: As SoundHound handles large amounts of voice data, potential data privacy issues or regulatory changes related to AI and personal data could impact its operations and reputation.
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Dependency on Partnerships: SoundHound’s growth is closely tied to partnerships with other companies. Any shift in these relationships or failure to secure new partnerships could limit its expansion and revenue potential.
Soundhound Stock Price Prediction 2030
Soundhound Stock Price Prediction 2030 Expected Price could be $100. Here are 4 Risks and Challenges for SoundHound Stock Price Prediction in 2030:
- Market Saturation: As voice AI technology becomes more widespread, the market may reach saturation, limiting growth opportunities for SoundHound, especially if it cannot differentiate itself from competitors.
- Regulatory Pressure: Increasing government scrutiny on AI technologies, data privacy, and ethical AI use could lead to more regulations, potentially increasing operational costs or limiting business practices.
- Evolving Consumer Preferences: Rapid changes in consumer preferences and technological trends could pose a challenge for SoundHound if it is unable to quickly adapt its products and services to meet new demands.
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Dependence on Third-Party Platforms: SoundHound’s reliance on integrations with third-party platforms and devices for distribution and usage exposes it to risks if these platforms change their policies or decide to develop in-house alternatives.
SoundHound AI Inc Financials
(USD) | 2023 | Y/Y change |
Revenue | 45.87M | 47.36% |
Operating expense | 98.62M | -22.47% |
Net income | -88.94M | 23.80% |
Net profit margin | -193.88 | 48.29% |
Earnings per share | -0.11 | 84.90% |
EBITDA | -61.74M | 39.26% |
Effective tax rate | -4.60% | — |
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