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SoundHound AI (SOUN) Expands Platform With LivePerson Deal, Analyst Maintains Buy Rating

SoundHound AI Inc. (NASDAQ:SOUN) is one of the 12 AI Stocks in Focus on Wall Street: Tesla, Meta, and More.

SoundHound AI Inc. (NASDAQ:SOUN) is part of our coverage of 12 AI Stocks in Focus on Wall Street. The company has recently announced that it has entered into a definitive agreement under which it will acquire LivePerson, an enterprise leader in predictable conversational AI.

Following the news, on April 22, DA Davidson analyst Gil Luria reiterated a Buy rating on the stock with a $14.00 price target. Firm analysts believe the LivePerson acquisition will add scale and value to the stock, supporting its long-term growth and helping it expand its AI conversational platform.

SoundHound announced this morning a definitive agreement to acquire LivePerson, a provider of an AI powered conversational platform to help businesses communicate with customers, for a total enterprise value of ~$250M upon closing.

However, they also acknowledged that the acquisition is SoundHound’s largest till date, and that it also presents some integration risks. However, they still view it favorably as it adds significant scale to the company’s business and is also accretive on a valuation basis.

We reiterate our BUY rating.

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.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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