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Home/News Feed/SoundHound AI beats Q1 estimates, eyes 85% stock gain with $17.91 target on strong growth and LivePerson deal.
SOUN
$6.51
+$0.01 +0.15%

SoundHound AI beats Q1 estimates, eyes 85% stock gain with $17.91 target on strong growth and LivePerson deal.

Company Fundamentals
12 May 2026
24/7 Wall Street
View Source
Bullish
pluang ai news

SoundHound AI reported its sixth consecutive earnings beat with Q1 revenue up 52% year-over-year to $44.2 million and reaffirmed FY2026 revenue guidance of $225-$260 million. The company expects FY2027 revenue to jump to $350-$400 million after acquiring LivePerson, which opens a $500 million market opportunity. Despite a cash burn and margin pressure, the stock trades at a discount to its $17.91 price target, implying 86% upside. The outlook depends on successful LivePerson integration and continued AI growth, with risks including cash burn and valuation compression.

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