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Investing.com - Northland upgraded SoundHound AI Inc. (NASDAQ:SOUN) to Outperform from Market Perform and raised its price target to $14.50 from $8. The stock, currently trading at $10.72, has shown significant volatility with analyst targets ranging from $8 to $18. According to InvestingPro data, SoundHound’s market capitalization stands at $4.3 billion.
The upgrade follows SoundHound’s return to pro forma organic growth in the second quarter of 2025, with the company showing strong pipeline potential for the second half of the year.
Northland projects SoundHound will achieve 36% growth in the second half of 2025 and 52% growth in the fourth quarter specifically.
The firm cited the migration of 15 large Amelia customers to SoundHound’s agentic AI offering as an encouraging development for the company’s growth trajectory.
Additional blue chip customer wins during the quarter further strengthened Northland’s positive outlook on SoundHound’s business prospects.
In other recent news, SoundHound AI Inc. reported impressive financial results for the second quarter of 2025. The company achieved a 217% increase in revenue compared to the same period last year, reaching $42.7 million and surpassing analyst forecasts. Additionally, SoundHound AI’s earnings per share (EPS) exceeded expectations, with a reported loss of $0.03, compared to the anticipated loss of $0.09. These developments mark significant progress for the company in its financial performance. Investors and analysts are closely monitoring these results as they reflect SoundHound AI’s growth trajectory. The company’s ability to outperform earnings estimates has drawn attention from various financial analysts. Such positive financial metrics are crucial for investors assessing the company’s future potential. These recent developments highlight SoundHound AI’s strong performance in the market.
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