SoundHound (SOUN) Upgraded to ‘Buy’ by Ladenburg After Strong Q2 and Amelia Acquisition

SoundHound AI (NASDAQ:SOUN) is one of the best mid cap AI stocks to buy right now. SoundHound AI (NASDAQ:SOUN) is one of the best midcap AI stocks to buy right now. On August 11, 2025, Ladenburg Thalmann upgraded SoundHound from Neutral to Buy and raised its price target from $9 to $16. The upgrade followed strong Q2 results and renewed confidence in the company’s long-term trajectory. The analyst cited momentum across multiple segments, including enterprise voice AI, automotive integrations, and restaurant partnerships. They also noted that the recent acquisition of Amelia has expanded SoundHound’s capabilities in conversational AI, while the launch of Vision AI adds another layer to its platform differentiation.

Ladenburg expects SoundHound to generate over $270 million in revenue by 2027 and achieve double-digit adjusted EBITDA margins. While they acknowledge the company’s 22x EV/revenue multiple as elevated, they believe the upside potential outweighs valuation concerns. The firm pointed to improving revenue visibility, expanding deal flow, and increased demand for AI-native solutions as strong tailwinds going forward.

SoundHound AI is a California-based voice AI company that builds natural language understanding and speech recognition platforms for businesses. Its technology is deployed across industries including automotive, restaurants, and customer service, enabling users to interact with systems through voice and vision interfaces.

While we acknowledge the potential of SOUN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SOUN and that has 100x upside potential, check out our report about this cheapest AI stock.

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