SoundHound AI (SOUN) Stock Forecast After November’s Sell-Off: Can Record Q3 Earnings Power the Next Leg Higher in 2026?
SoundHound AI shares traded near $12.17 midday Friday, down over 40% in the past month but still up about 80–90% year-over-year. Q3 revenue hit a record $42 million, up 68% from last year, but the company posted a GAAP net loss of $109 million, partly due to a large non-cash charge. Management raised full-year revenue guidance to $165–$180 million. Market cap stands at roughly $5 billion.