Soundhound Stock Price Prediction 2030 – Soundhound AI is a well-known voice AI and speech recognition company that operates in the United States. If you are considering investing in Soundhound AIstock for the long term, it is important to analyze its potential growth and performance.

Our Soundhound AI Stock Price Forecast is based on a deep technical analysis and past performance of Soundhound AI Stock to help you make an informed decision.

To begin with, it is essential to understand Soundhound AI’s business model and financial data. Once you have a clear understanding of the company’s operations and financial strength, you can determine whether Soundhound AI stock is a good buy or not.

Our Soundhound AI Stock Price Forecast covers the stock’s potential growth and performance for the years 2024, 2025, 2030, and 2040 to help you make an informed investment decision.

About Soundhound AI

Soundhound AI Company Overview – SoundHound AI is a pioneering company that was established in 2005 with the objective of integrating voice AI into every aspect of our lives. They have developed an independent voice AI platform that delivers customized conversational experiences and enables voice-enabled products, services, and applications.

Company specializes in developing cutting-edge technologies such as speech recognition, sound recognition, natural language understanding, and search technologies.

• Founding and Vision – SoundHound AI was born from a vision shared by a group of Stanford graduates. The company began as Midomi and created a music recognition platform that converted sound into meaning.
• Voice AI Breakthroughs – In 2015, SoundHound introduced its voice AI platform, featuring breakthrough technologies such as Speech-to-Meaning® and Deep Meaning Understanding®. This platform allows for seamless interaction with technology using natural language.
• Strategic Partnerships – SoundHound has established strategic partnerships with major players such as Honda, Hyundai, Qualcomm, and Oracle to integrate voice AI into their products and services. SoundHound’s agreements with automakers and tech companies have expanded its market reach and allowed for more innovative solutions.
• Global Scale and Monetization – SoundHound’s voice AI platform is available in 25 languages and they have introduced a monetization platform that has accelerated revenue growth.
• Public Listing – In 2022, SoundHound went public as SoundHound AI Inc., trading on Nasdaq under the symbol “SOUN”.
• Leadership and Awards – The company’s CEO, Keyvan Mohajer, leads the charge. SoundHound AI has received recognition for its advanced conversational intelligence solutions and the SoundHound Music app.

The company’s advanced products include a voice AI developer platform, SoundHound Chat AI, a voice-enabled digital assistant, and a music recognition mobile app called SoundHound. The company serves various vertical industries such as automotive, IoT devices, restaurant and customer service industries. Its headquarters are located in Santa Clara, California.

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Financial Overview of Soundhound AI

Here are Soundhound AI Financials –

Soundhound AI Stock Price Chart

Soundhound AI Revenue

Soundhound AI Revenue Chart

Soundhound AI Revenue History

Growth Opportunities with SoundHound AI

Here we are covering growth opportunities with Soundhound AI company –

1. Profitability and Cost Reductions – SoundHound AI aims to achieve profitability in 2023 by reducing costs and focusing on its high-velocity SaaS product, SoundHound for Restaurants.
2. SoundHound for Restaurants – SoundHound for Restaurants is a subscription-based SaaS offering that can directly offset labor shortages and increased costs in the food and beverage industry.
3. Global Expansion – SoundHound plans to expand globally into strategic regions that are both high-value and low-cost.
4. Cumulative Recurring Revenues – Cumulative recurring revenues from existing products provide a stable foundation for long-term growth.
5. Innovation and Breakthroughs – SoundHound’s recent breakthroughs in conversational AI and partnerships with automakers and licensing business in smart devices, TV, and automotive verticals offer growth opportunities.
6. Automotive Integration and Smart Devices – The increasing demand for voice-enabled devices, virtual assistants, and AI-driven applications provides a favorable environment for SoundHound’s growth.

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Challenges and Risks associated with SoundHound AI

Here we are covering different challenges and risk associated with Soundhound AI company –

1. Customer Concentration – SoundHound relies on just three major customers for over two-thirds of its revenue.
2. China Market Challenges – The Chinese market is highly competitive and poses a significant challenge for SoundHound.
3. Insider Share Sales – Insiders within SoundHound have been selling a substantial number of shares.
4. Market Volatility – SoundHound’s stock has experienced significant price fluctuations.
5. Technology Risks – SoundHound faces risks related to technological advancements and potential disruptions in its core technology.
6. Financial Dependence on Partnerships – SoundHound’s success depends on partnerships with other companies, and any adverse changes in these partnerships could impact the company’s growth and revenue.

Investors should carefully assess these risks before considering SoundHound as part of their investment portfolio.

Soundhound Stock Price Prediction 2030 (2024-2060)

Soundhound AI Stock Price Prediction 2024 | Soundhound AI Stock Forecast 2024

The prediction for 2024 as as follow

• Minimum Target Price – $3.569
• Maximum Target Price -$3.696

Soundhound AI Stock Price Prediction 2025 | Soundhound AI Stock Forecast 2025

The prediction for 2025 as as follow

• Minimum Target Price – 2.765
• Maximum Target Price – 2.896

Soundhound AI Stock Price Prediction 2026 | Soundhound AI Stock Forecast 2026

The prediction for 2024 as as follow

• Minimum Target Price – 1.814
• Maximum Target Price – 1.945

Soundhound AI Stock Price Prediction 2027 | Soundhound AI Stock Forecast 2027

The prediction for 2024 as as follow

• Minimum Target Price – 1.095
• Maximum Target Price – 1.114

Soundhound AI Stock Price Prediction 2028 | Soundhound AI Stock Forecast 2028

The prediction for 2028 as as follow

• Minimum Target Price – 1.101
• Maximum Target Price – 1.120

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Soundhound AI Stock Price Prediction 2029 | Soundhound AI Stock Forecast 2029

The prediction for 2029 as as follow

• Minimum Target Price – 1.106
• Maximum Target Price – 1.126

Soundhound AI Stock Price Prediction 2030 | Soundhound AI Stock Forecast 2030

The prediction for 2030 as as follow

• Minimum Target Price – 1.018
• Maximum Target Price –  1.290

Soundhound AI Stock Price Prediction 2035 | Soundhound AI Stock Forecast 2035

The prediction for 2035 as as follow

• Minimum Target Price – will update soon
• Maximum Target Price – will update soon

Soundhound AI Stock Price Prediction 2040 | Soundhound AI Stock Forecast 2040

The prediction for 2040 as as follow

• Minimum Target Price – will update soon
• Maximum Target Price – will update soon

Soundhound AI Stock Price Prediction 2050 | Soundhound AI Stock Forecast 2050

The prediction for 2050 as as follow

• Minimum Target Price – will update soon
• Maximum Target Price – will update soon

Soundhound AI Stock Price Prediction 2060 | Soundhound AI Stock Forecast 2060

The prediction for 2060 as as follow

• Minimum Target Price – will update soon
• Maximum Target Price – will update soon

Who are the competitors of SoundHound AI?

SoundHound AI operates in the dynamic field of artificial intelligence (AI) and voice recognition. Let’s explore its competitors:

1. Domo (DOMO) – This company provides cloud-based business intelligence and analytics solutions.
2. Consensus Cloud Solutions (CCSI) – CCSI offers cloud-based software solutions for businesses.
3. American Software (AMSWA) – AMSWA develops supply chain management and enterprise software.
4. Bandwidth (BAND) – Bandwidth provides communication APIs and cloud-based services.
5. Backblaze (BLZE) – Backblaze offers cloud storage and backup solutions.
6. CS Disco (LAW) – CS Disco provides legal technology and e-discovery software.
7. Materialise (MTLS) – Materialise specializes in 3D printing and additive manufacturing software
8. Magic Software Enterprises (MGIC) – MGIC develops integration and application development platforms.
9. ON24 (ONTF) – ON24 offers webcasting and virtual event solutions.
10. BigBear.ai (BBAI) – BigBear.ai focuses on artificial intelligence and machine learning.

Additionally, other competitors include Auddia, Banzai International, Cuentas, DatChat, Dave, Exela Technologies, Grab, Jet.AI, and Kubient.These firms operate in interrelated sectors and have a significant impact on the competitive environment.

It’s important to note that market competition fosters innovation, and comprehending the pros and cons of these rivals is critical for investors and industry analysts.

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Final Words | Conclusion

Soundhound AI, a company operating in the AI industry, has a business model that is considered to be one of the least risky. This is due to its diversified range of regulated operations, which generate a reliable and expanding cash flow. As a result of this, Soundhound AI is able to pay a dividend that is both appealing and increasing, providing a boost to its financial performance.

We hope you will like the information given by us. And if you want more information related to stock prediction. You can read our article and stay with us so that you can know the prediction of more stocks in the future.

Also, do your due diligence and comment to us, whether you will invest in this stock or not. Till then Happy Investing.

Soundhound Stock Prediction 2030 FAQs

What are the benefits of investing in SoundHound AI?

Let’s explore the potential benefits of investing in SoundHound AI:

• Cutting-Edge Technology
• Voice and Music Recognition
• Automotive Integration
• Expanding Market
• Strategic Partnerships
• Diversification