H.C. Wainwright Lowered Its Price Target on SoundHound AI, Inc. (SOUN) to $20 and Maintains a Buy Rating

SoundHound AI, Inc. (NASDAQ:SOUN) is among the 10 Fastest Growing NASDAQ Stocks to Buy.

On March 2, 2026, H.C. Wainwright lowered the firm’s price target on SoundHound AI, Inc. (NASDAQ:SOUN) to $20 from $26 and maintained a Buy rating on the shares. The firm said the company’s valuation may face near-term pressure despite the momentum seen in its Q4 report.

On February 27, 2026, Piper Sandler analyst James Fish lowered the firm’s price target on SoundHound AI, Inc. (NASDAQ:SOUN) to $9 from $11 and kept a Neutral rating on the shares. The analyst described the quarter as relatively mixed, with mostly in-line revenue, a profitability miss, and guidance that came in higher than expected. The firm also noted concerns around the required execution and potential M&A needed to bridge the gap, given the company’s current business run-rate.

On February 27, 2026, SoundHound AI, Inc. (NASDAQ:SOUN) reported Q4 EPS of (2c), in line with consensus estimates. The company reported Q4 revenue of $55.1M, above the $53.98M consensus estimate. SoundHound said that as traditional software faces disruption from artificial intelligence, businesses are increasingly partnering with AI-native companies. The company added that all key profit metrics improved and that it closed a record number of customer deals in the quarter as demand for enterprise-grade AI increased.

SoundHound AI, Inc. (NASDAQ:SOUN) develops independent voice artificial intelligence solutions that enable businesses across automotive, TV, IoT, and customer service industries to deliver conversational experiences to their customers in the United States and internationally.

While we acknowledge the potential of SOUN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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