Wall Street analysts set average price target of $14 for SoundHound AI, implying over 56% upside from current price

A survey of 16 analysts produced price targets ranging from $8 to $20, with an average of $14 for SoundHound AI stock, representing over 56% upside from today's price.

SoundHound AI combines audio recognition technology with AI to enable voice-based service interactions. The company has a foothold in the restaurant industry and has signed customers in insurance, finance, and healthcare sectors.

SoundHound AI is growing at 52% year-over-year revenue growth and trades at a little over 18 times sales valuation, which the article suggests is relatively cheap compared to typical valuations for high-growth companies in this space.