TLDR
- SoundHound AI reported record Q2 revenue of $42.7 million, up 217% year-over-year, beating analyst expectations
- Multiple Wall Street analysts upgraded the stock to Buy with price targets ranging from $14.50 to $16
- Primary Health Solutions became one of the first healthcare centers to deploy SoundHound’s AI patient engagement platform “Denise”
- Stock climbed 22% in the past 30 days but remains down 34.7% year-to-date, creating potential buying opportunities
- Company raised full-year revenue guidance to $160-$178 million from previous $157-$177 million estimate
SoundHound AI stock has captured investor attention with a 22% surge over the past month. The voice recognition company delivered strong second-quarter results that exceeded expectations across key metrics.
The company posted record quarterly revenue of $42.7 million in Q2. This represented a 217% increase compared to the same period last year.
SoundHound reported an adjusted net loss of $0.03 per share. Analysts had expected a larger loss of $0.09 per share. The result also improved from the $0.04 loss recorded in the prior year period.
The strong performance prompted management to raise its full-year revenue outlook. The company now expects revenue between $160 million and $178 million. This compares to the previous guidance range of $157 million to $177 million.
Wall Street analysts responded positively to the quarterly results. Several firms upgraded their ratings and price targets following the earnings report.
Northland Securities analyst Michael Latimore moved his rating from Hold to Buy. He raised his price target from $8 to $14.50, citing organic growth momentum and a strong pipeline.
Analyst Upgrades Signal Confidence
Ladenburg Thalmann’s Glenn Mattson also upgraded the stock to Buy. He increased his price target from $9 to $16, reflecting growing optimism about the company’s prospects.
The analyst upgrades reflect confidence in SoundHound’s growth trajectory. Latimore expects 36% growth in the second half of 2025. He projects 52% growth specifically in the fourth quarter.
According to TipRanks data, the stock carries a Moderate Buy consensus rating. Five analysts recommend buying the shares while two suggest holding.
The average price target among analysts stands at $15.00. This implies potential upside of 16.10% from current trading levels.
Healthcare Partnership Expands Market Reach
SoundHound recently secured a partnership with Primary Health Solutions. The healthcare provider will deploy an AI-powered patient engagement platform called “Denise.”
The system allows patients to manage appointments through voice or text commands. Patients can schedule, confirm, or cancel appointments using natural language.
Primary Health Solutions operates as a Federally Qualified Healthcare Center. The organization serves patients in Butler and Montgomery counties.
The partnership makes PHS one of the first healthcare centers nationally to use AI agents for patient engagement. This represents a new market vertical for SoundHound’s technology.
The platform includes multilingual capabilities and follows HIPAA compliance guidelines. Future plans call for expanding functionality to handle prescription refills and billing inquiries.
Steven Roller, CEO of Primary Health Solutions, highlighted the partnership’s innovation focus. The company aims to reduce patient wait times while allowing staff to handle more complex requests.
Despite recent gains, SoundHound stock remains down 34.7% year-to-date. The decline creates potential entry points for investors willing to accept higher risk levels.
The company operates in a competitive voice AI market with established players. This competition could limit growth potential and pressure margins over time.
SoundHound’s current market capitalization stands at $5.3 billion. The stock has gained 183% over the past twelve months despite the year-to-date decline.
The company continues expanding its technology platform beyond traditional voice recognition. Recent developments include Vision AI capabilities and automotive partnerships with Jeep vehicles in Europe.
