SoundHound AI Stock Could Reach $20 Per Share By 2030
Shares of SoundHound AI (SOUN) have declined nearly 30% year-to-date, but the company has shown strong growth in its second-quarter results. Revenue rose by 45% to $62 million compared to last year and was ten times higher than four years ago. The release of Q2 earnings on August 5 led to a more than 10% increase in stock price. SoundHound AI is capitalizing on the fast-growing conversational AI market, which Grand View Research estimates will expand at an annual rate of 24%, reaching $79 billion by 2033. The company's new agentic AI platform, Oasys, has already secured significant enterprise contracts and could help SoundHound tap into a potential $1 trillion agentic AI market in 2030. The acquisition of LivePerson is expected to close before the end of 2026, giving SoundHound access to the cloud communications sector. Analysts are optimistic about its growth trajectory for 2026 and beyond.
Tickers: $SOUN
Topics: artificial intelligence market growth stock performance