SoundHound AI (SOUN) Stock Today: Latest News, Agentic AI Deals and Wall Street Forecasts

Ticker: NASDAQ: SOUN – Sector: AI / Software – Date: December 6, 2025

Snapshot: Where SoundHound AI Stands Right Now

SoundHound AI Inc. has become one of the most closely watched “pure-play” artificial intelligence names on Wall Street thanks to its voice-first agentic AI platform that powers everything from restaurant drive‑thrus and call centers to in‑vehicle assistants and banking bots.

As of the close on December 5, 2025, SOUN stock traded at about $12.76, giving the company a market capitalization of roughly $5.4 billion. Over the last 12 months the shares have swung between $6.52 and $24.98, underlining just how volatile this AI name remains. ^[1]

Over the trailing twelve months, SoundHound generated about $148 million in revenue but still posted a net loss of roughly $313 million, reflecting aggressive investment in acquisitions and product expansion. ^[2]

Despite that loss, seven covering analysts currently rate SOUN a “Buy” on average, with a 12‑month consensus price target of $16.33, implying around 28% upside from the latest close. ^[3]

What’s New on December 6, 2025?

Fresh institutional money coming in

On December 6, MarketBeat reported that Sassicaia Capital Advisers LLC opened a new position of 267,390 shares in SoundHound AI during the second quarter, worth about $2.87 million. That stake represents around 0.07% of the company and is the fund’s ninth‑largest holding, accounting for 1.8% of its portfolio. ^[4]

The same filing shows that several other institutional investors — including Janney Montgomery Scott, Apexium Financial, Belpointe Asset Management and Huntington National Bank — have also been adding to positions, even if their stakes are smaller in dollar terms. ^[5]

Analyst activity heats up

The Sassicaia piece also compiles recent rating moves:

Northland Securities upgraded SOUN from market perform to outperform with a $14.50 target.
Ladenburg Thalmann raised its view from neutral to buy and lifted its target from $9 to $16.
HC Wainwright boosted its price target from $18 to $26 while reiterating a buy rating. ^[6]

At the same time, WallStreetZen downgraded the stock to sell, highlighting that not all analysts are on board with the current valuation. ^[7]

Technical momentum signals

Investor’s Business Daily recently noted that SoundHound’s Relative Strength Rating (RS) has climbed into the low‑70s, indicating the stock has begun to outperform a majority of the market over the last several months, even after a sharp pullback from the highs. ^[8]

That mix of new institutional buying, upgraded targets, and improving relative strength sets the stage for what many see as a “reset” phase for SOUN after a wild year.

Stock Performance: High Growth, High Volatility

Despite the recent bounce, SoundHound’s share price has been under pressure.

A December 4 analysis from Zacks (via Nasdaq) highlighted that SOUN fell about 23% over the prior month, dropping to around $11.78 as of December 3. That slump came even as the broader tech sector and S&P 500 were modestly positive over the same period, and the stock slid below both its 50‑day and 200‑day moving averages, a technically bearish configuration. ^[9]

A separate TipRanks report puts the drawdown even more starkly:

Roughly 35% decline in the last 30 days
More than 40% down year‑to‑date
A perception shift from “retail favorite” to “high‑risk growth stock” as investors reassess valuation and profitability timelines. ^[10]

Yet the same TipRanks piece underscores that the long‑term story remains bullish, with Wall Street still assigning a Moderate Buy consensus and an average price target of about $17.20—over 50% upside from recent trading levels. ^[11]

In short: the chart looks bruised, but Wall Street hasn’t given up on the thesis.

Business Momentum: Q2 & Q3 2025 Were Record Quarters

Under the hood, SoundHound’s 2025 operating performance has been strong.

Q2 2025: “Strongest ever quarter”

For the second quarter of 2025, SoundHound reported:

Revenue: $42.7 million, up 217% year‑over‑year
Non‑GAAP gross margin: 58.4%
Non‑GAAP net loss: $11.9 million (vs. a larger loss a year earlier)
Adjusted EBITDA loss: $14.3 million
Cash and equivalents: $230 million, with no debt. ^[12]

Management called it the company’s “strongest ever quarter”, with growth across every major business unit — automotive, enterprise AI for customer service, and restaurant automation. ^[13]

They also raised full‑year 2025 revenue guidance to $160–$178 million, a big step up from earlier expectations and nearly double 2024’s revenue base. ^[14]

Q3 2025: Another record and higher guidance

The momentum continued in the third quarter of 2025:

Revenue: $42.0 million, up 68% year‑over‑year
Non‑GAAP gross margin: 59.3%
Non‑GAAP net loss: $13.0 million, improving versus Q3 2024
Adjusted EBITDA loss: $14.5 million, narrowing slightly year‑over‑year
Cash and equivalents: $269 million, still no debt. ^[15]

Across the first three quarters of 2025, Zacks estimates that SoundHound generated about $114 million in revenue, up roughly 127% year‑over‑year—evidence that top‑line growth has been compounding rather than one‑off. ^[16]

Crucially, management raised full‑year 2025 revenue guidance again, to $165–$180 million, citing strong demand across enterprise and automotive customers. ^[17]

Zacks notes that the company continues to target adjusted EBITDA breakeven by year‑end 2025, although some independent analysts still see full‑year 2026 as the more realistic breakeven window. ^[18]

Strategic Moves: From Drive‑Thrus to Contact Centers

Beyond the numbers, 2025 has been defined by big partnerships and acquisitions that aim to cement SoundHound’s role as a leader in “agentic AI” — AI agents that can understand context, take actions, and orchestrate workflows autonomously.

1. Interactions acquisition: Doubling down on Agentic AI

In September 2025, SoundHound announced it would acquire Interactions, a long‑time player in AI‑powered customer service and workflow orchestration. ^[19]

Key points from the deal:

Interactions brings a roster of blue‑chip clients, including global consumer brands, insurers, automakers and tech companies. ^[20]
The combined company will hold nearly 400 patents, strengthening SoundHound’s IP moat. ^[21]
Management expects the acquisition to be immediately accretive to operating profitability, with over $270 million in cash on the combined balance sheet and no long‑term debt at closing. ^[22]
Strategically, it lets SoundHound offer a full omnichannel Agentic AI suite for contact centers and enterprise workflows, not just voice bots in a single channel. ^[23]

For investors, this acquisition is central to the “platform” and “enterprise” leg of the SoundHound story, but it also introduces integration and execution risk, as the company must blend cultures, tech stacks and sales motions.

2. Restaurant automation: Red Lobster, Acrelec and Samsung

SoundHound’s restaurant footprint expanded sharply in 2025:

Red Lobster: In September, the company announced a deal to provide an AI‑powered phone ordering agent across all Red Lobster locations. The system can answer every call, handle multiple orders at once, route orders straight into the POS, and answer routine questions on hours, location and menu items. ^[24]
Acrelec partnership: A July Business Wire release detailed a global partnership with Acrelec, a QSR technology leader with over 25,000 drive‑thru installations and 120,000+ deployments worldwide. SoundHound’s Dynamic Drive‑Thru voice AI is being integrated with Acrelec’s digital signage and content management to create fully automated drive‑thru experiences while freeing staff to focus on in‑store operations. ^[25]
Thousands of live restaurant sites: SoundHound says its voice AI is already live in well over 10,000 restaurant locations, covering phone, drive‑thru, kiosks, headsets and more. ^[26]

Earlier in the year, the company also highlighted wins or expansions with Chipotle, MOD Pizza, Firehouse Subs, Habit Burger, Red Robin, McAlister’s Deli and other chains, often cross‑selling its Amelia enterprise platform on top of voice ordering. ^[27]

3. In‑vehicle voice commerce and parking

SoundHound is also attacking commerce from the car:

At CES 2025, the company debuted what it called the first in‑vehicle voice commerce platform, allowing drivers to order food from integrated restaurant partners directly from the car’s infotainment system, pay seamlessly and navigate to the pickup location — all hands‑free. SoundHound has said it sees opportunities to extend this to banking, ticketing and appointments over time. ^[28]
In late November, SoundHound and Parkopedia launched a voice AI‑powered parking search and payment agent, combining Parkopedia’s database (tens of millions of parking spaces across thousands of cities) with SoundHound’s voice interface and payment flows, so drivers can find, reserve and pay for parking by speaking to their car. ^[29]

This vehicle‑centric strategy is key to the bull case that voice commerce can be a multi‑billion‑dollar revenue opportunity over the long term, with SoundHound embedded at the “transaction layer” between drivers and merchants.

Forecasts and Wall Street Analysis

Consensus expectations

Across multiple data providers, the near‑term SoundHound AI stock forecast looks like this:

Average 12‑month price target: $16–$17
Upside vs. recent price: ~28% (StockAnalysis) to ~53% (TipRanks)
Consensus rating: Buy or Moderate Buy
Highest published target:$26 from HC Wainwright, implying more than 100%+ upside if achieved. ^[30]

TipRanks notes that recent ratings include two Buys and four Holds over the last three months, underscoring that even bullish analysts recognize the risks and volatility involved. ^[31]

Growth vs. profitability trade‑off

Analysts broadly agree on a few things:

Top‑line growth is exceptional. Revenue rose more than 200% in Q2 and 68% in Q3, and guidance implies that 2025 sales could roughly double 2024’s $84.7 million revenue base. ^[32]
Losses are still large, but quality is improving. A chunk of the GAAP losses in 2025 comes from non‑cash “mark‑to‑market” charges tied to contingent acquisition liabilities, which distort the headline net loss but don’t affect cash in the near term. Non‑GAAP losses and adjusted EBITDA are narrowing slowly as revenue scales. ^[33]
Path to breakeven is in sight but debated. Management is talking about adjusted EBITDA breakeven around late 2025, while some independent analysts on platforms like Seeking Alpha model full‑year 2026 as the first sustainably breakeven year. ^[34]

Diverging opinions: Bubble risk vs. “Nvidia‑like” upside

Recent commentary illustrates how divided the market is:

Zacks frames the recent 20–30% share price slide as a technical negative but emphasizes that fundamental momentum — particularly in Q3 — remains strong. ^[35]
TipRanks flags concerns around valuation, competition and acquisition dependence, noting that Wedbush’s Daniel Ives removed SoundHound from his top 30 AI list. Yet it still characterizes the stock as having long‑term potential and highlights a sizeable analyst‑implied upside for patient investors. ^[36]
A cluster of Motley Fool and Seeking Alpha articles over the last two weeks alternate between calling SOUN a potential “millionaire‑maker” or “under‑the‑radar AI stock” and warning that the market may have “pulled forward years of execution” after earlier spikes in the share price. ^[37]

The upshot: SoundHound is squarely in high‑risk, high‑reward territory. Bulls see a category leader in voice‑first agentic AI; bears see a richly valued, loss‑making company that must flawlessly execute an integration‑heavy strategy.

Key Risks Investors Should Watch

Even fans of the stock acknowledge a long list of risks:

Profitability and cash burn
- TTM losses of over $300 million mean SoundHound must either keep raising capital, drive rapid margin expansion, or both. ^[38]
Acquisition integration risk
- The company’s recent growth has leaned heavily on acquisitions — Synq3 and Amelia in 2024, and now Interactions in 2025. Barron’s has previously highlighted that these deals complicated SoundHound’s 2024 10‑K filing, contributing to a significant delay and drawing attention to previously disclosed internal control issues. ^[39]
Valuation and sentiment swings
- Coverage from Zacks, TipRanks and others repeatedly notes that worries about an “AI bubble” and frothy valuations can trigger steep corrections, as seen in the 30–40% slide in recent weeks despite strong results. ^[40]
Competition from Big Tech and other AI platforms
- SoundHound competes with hyperscalers and other conversational AI vendors in sectors like automotive, contact centers and banking. Some analysts question whether the company can maintain its differentiation in performance, languages and vertical depth as giants step up investment. ^[41]
Execution across many verticals at once
- The company is simultaneously scaling in restaurants, automotive, healthcare, banking, insurance, telecom and retail, each with its own sales model and regulatory context. Maintaining speed while avoiding operational bottlenecks is a non‑trivial challenge. ^[42]

What to Watch Next

Looking ahead from December 6, 2025, here are the catalysts most likely to influence SOUN stock:

Barclays Global Technology Conference
- SoundHound is set to participate in the Barclays Annual Global Technology Conference, giving management another high‑profile stage to discuss the Interactions integration, 2026 outlook and the agentic AI roadmap. ^[43]
Integration progress and new enterprise wins
- Updates on how quickly Interactions is being integrated, cross‑sold and scaled will be key to validating the acquisition thesis. Watch for customer case studies and new logo announcements in banking, insurance and large‑enterprise contact centers. ^[44]
Restaurant and drive‑thru roll‑outs
- Red Lobster’s full‑chain phone‑ordering deployment and global Acrelec rollouts will show whether SoundHound can translate high‑profile partnerships into meaningful recurring revenue. ^[45]
Automotive voice commerce launches
- After the CES 2025 demo, investors will be looking for concrete production deals and timelines with automakers for in‑vehicle food ordering, parking and other transactional experiences. ^[46]
2025 full‑year results and 2026 guidance
- When SoundHound reports 2025 results and issues 2026 guidance, the market will judge whether the company is on track for breakeven and whether growth can remain above 50–70% without unsustainable dilution or spending. ^[47]

Bottom Line: Is SoundHound AI a Buy, Sell or Hold?

From a news and fundamentals perspective, SoundHound AI enters December 2025 with:

Explosive revenue growth, driven by restaurant automation, enterprise agents and automotive voice commerce
A cash‑rich balance sheet with no long‑term debt, bolstered by acquisitions and prior financings
A rapidly expanding agentic AI platform spanning restaurants, banks, hospitals, retailers and automakers
A stock price that has corrected sharply from earlier peaks but still reflects significant expectations

At the same time, investors face:

Large ongoing losses and heavy share‑based compensation
Execution risk in integrating multiple acquisitions and serving many verticals at once
The possibility that valuation remains ahead of fundamentals if growth slows or the AI trade cools further

Analysts, institutional investors and retail traders all see the same thing: a company with genuine technology and momentum — but also one that must execute nearly perfectly to justify the current and projected valuations.

For anyone considering SOUN, this remains a high‑beta, high‑risk AI stock where position sizing, time horizon and risk tolerance matter far more than for a mature, cash‑generating tech name.

This article is for informational and educational purposes only and does not constitute financial advice, investment recommendation, or an offer to buy or sell any securities. Always do your own research or consult a licensed financial professional before making investment decisions.