Piper Sandler Issues Pessimistic Forecast for SoundHound AI (NASDAQ:SOUN) Stock Price

SoundHound AI (NASDAQ:SOUN) had its target price cut by investment analysts at Piper Sandler from $15.00 to $11.00 in a report released on Monday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Piper Sandler’s price target would indicate a potential downside of 2.05% from the stock’s current price.

Other analysts have also issued research reports about the stock. Oppenheimer assumed coverage on shares of SoundHound AI in a research note on Thursday, September 11th. They issued a “market perform” rating for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of SoundHound AI in a report on Tuesday, October 14th. LADENBURG THALM/SH SH raised shares of SoundHound AI to a “strong-buy” rating in a research report on Thursday, December 18th. HC Wainwright upped their target price on shares of SoundHound AI from $18.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Finally, Cantor Fitzgerald raised shares of SoundHound AI from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $13.00 to $15.00 in a research report on Friday, December 12th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $16.50.

SoundHound AI Stock Performance

Shares of NASDAQ SOUN opened at $11.23 on Monday. SoundHound AI has a 1 year low of $6.52 and a 1 year high of $22.17. The stock’s 50-day simple moving average is $12.30 and its 200-day simple moving average is $13.52. The firm has a market cap of $4.72 billion, a price-to-earnings ratio of -13.37 and a beta of 2.65.

SoundHound AI (NASDAQ:SOUN) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.06. SoundHound AI had a negative return on equity of 93.64% and a negative net margin of 211.16%.The firm had revenue of $42.05 million during the quarter, compared to the consensus estimate of $40.48 million. During the same quarter in the prior year, the business posted ($0.04) earnings per share. SoundHound AI’s revenue for the quarter was up 67.6% on a year-over-year basis. As a group, research analysts predict that SoundHound AI will post -0.38 EPS for the current year.

Insider Activity

In other news, insider James Ming Hom sold 42,600 shares of the firm’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $11.28, for a total value of $480,528.00. Following the completion of the sale, the insider owned 803,383 shares of the company’s stock, valued at $9,062,160.24. This trade represents a 5.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Keyvan Mohajer sold 144,326 shares of SoundHound AI stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $11.28, for a total value of $1,627,997.28. Following the transaction, the chief executive officer owned 2,198,287 shares in the company, valued at $24,796,677.36. This represents a 6.16% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 492,965 shares of company stock worth $6,140,981. 9.17% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On SoundHound AI

A number of institutional investors have recently bought and sold shares of SOUN. Sound Income Strategies LLC grew its stake in SoundHound AI by 37.3% during the 3rd quarter. Sound Income Strategies LLC now owns 2,116 shares of the company’s stock valued at $34,000 after acquiring an additional 575 shares in the last quarter. Investors Research Corp grew its position in SoundHound AI by 62.4% during the third quarter. Investors Research Corp now owns 1,822 shares of the company’s stock valued at $29,000 after purchasing an additional 700 shares in the last quarter. EP Wealth Advisors LLC grew its position in SoundHound AI by 5.3% during the second quarter. EP Wealth Advisors LLC now owns 14,100 shares of the company’s stock valued at $151,000 after purchasing an additional 706 shares in the last quarter. Newbridge Financial Services Group Inc. increased its stake in SoundHound AI by 2.7% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 31,880 shares of the company’s stock valued at $513,000 after buying an additional 830 shares during the period. Finally, Insigneo Advisory Services LLC lifted its position in SoundHound AI by 7.4% in the 3rd quarter. Insigneo Advisory Services LLC now owns 12,416 shares of the company’s stock worth $200,000 after buying an additional 858 shares in the last quarter. 19.28% of the stock is currently owned by institutional investors and hedge funds.

Key SoundHound AI News

Here are the key news stories impacting SoundHound AI this week:

• Positive Sentiment: Launch of Amelia 7 and Vision AI at CES expands SoundHound’s addressable market by enabling in-vehicle voice commerce, reservations, parking payments and other transactional agents — a potential path to recurring/transactional revenue beyond licensing. CES 2026: SoundHound AI Unveils Agentic Voice Commerce
• Positive Sentiment: TomTom partnership to demo a unified multi-agent in-car voice + navigation experience at CES underscores OEM traction and strengthens the automotive go‑to‑market story for embedded voice assistants. TomTom partners with SoundHound AI
• Positive Sentiment: Partnerships with OpenTable and Parkopedia (and demos with NVIDIA) point to concrete commerce integrations (reservations, parking payments, ordering) that make the Amelia platform more monetizable if adoption follows. OpenTable And Parkopedia Deals Might Change The Case For Investing In SoundHound AI (SOUN)
• Neutral Sentiment: MarketBeat and other coverage highlight stronger-than-expected revenue growth (Q3 ’25 revenue +68% YoY) and a sizable cash balance that give the company runway — positive fundamentals but execution and 2026 guidance remain the key catalysts. Hey SoundHound—Why Is Your Stock Suddenly on Fire?
• Neutral Sentiment: Analyst and commentary pieces (Zacks, Seeking Alpha) note SoundHound’s strong niche in voice AI but flag valuation and the need for organic growth post-acquisitions — watch guidance and margin progress. Is Most-Watched Stock SoundHound AI, Inc. (SOUN) Worth Betting on Now?
• Negative Sentiment: Piper Sandler cut its price target from $15 to $11 and assigned a “neutral” rating, reducing near-term analyst upside and potentially capping momentum until new guidance/metrics arrive. Piper Sandler lowers price target
• Negative Sentiment: Significant insider selling has been reported (multiple executive sales and no purchases in recent months), which can weigh on sentiment and raises questions about timing even if not proof of operational weakness. SoundHound AI Unveils Amelia 7 (Quiver)
• Negative Sentiment: Some investors and commentators urge caution (“don’t buy the dip”) citing premium valuation vs. execution risk — the stock’s volatility and high short interest can amplify moves in either direction. Nasdaq Futures Frame Voice Systems (Kalkine)

About SoundHound AI

SoundHound AI, Inc is a voice AI and conversational intelligence company specializing in speech recognition, natural language understanding and sound identification technologies. Founded in 2005 and headquartered in Santa Clara, California, the company initially gained recognition with its music discovery app before pivoting to enterprise-grade voice AI solutions. Over the years, SoundHound AI has built a comprehensive platform that enables developers and businesses to embed conversational intelligence into a wide range of products and services.

The company’s core offering is the Houndify voice AI platform, which provides customizable speech-to-meaning technology, domain-specific natural language understanding and text-to-speech capabilities.