Oppenheimer Starts Coverage on SoundHound AI (SOUN) With Perform Rating

SoundHound AI, Inc. (NASDAQ:SOUN) is one of the AI Stocks on Wall Street’s RadarOn September 11, Oppenheimer analyst Brian Schwartz initiated coverage on the stock with a Perform rating. According to the firm, SoundHound holds the potential to be a durable growth compounder backed by its robust conversational AI technology platform.

The company is a “technology advantage in the Voice AI market, a compelling value proposition, an enviable backlog-to-revenue ratio, and is well run.”

“We launch coverage on SOUN, a purpose-built conversational AI software company, with a Perform rating. In our view, SOUN has potential to be a durable growth compounder. The company has a strong conversational AI technology platform that’s supported by referenceable customers who view it as a leader in speech-to-meaning capabilities, data sciences, unstructured analytics, and technology vision.”

Nevertheless, the firm is concerned regarding potential newer competitive threats and that the “pace of penetrating existing and new verticals may not match the bullish expectations reflected in the sales multiple of 26x our 2026 EV/revenue estimate.”

SoundHound AI, Inc. (NASDAQ:SOUN) is a voice artificial intelligence company offering voice AI solutions to businesses.

While we acknowledge the risk and potential of SOUN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SOUN and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.