- SoundHound AI stock fell 22% to $1.20 all-time low on April 13, 2026.
- Six Wall Street firms rate SOUN Strong Buy with average $8.50 target.
- Company posted 85% YoY revenue growth to $25 million in Q1 2026.
Key Takeaways 1. SoundHound AI stock fell 22% to $1.20 all-time low on April 13, 2026. 2. Six Wall Street firms rate SOUN Strong Buy with average $8.50 target. 3. Company posted 85% YoY revenue growth to $25 million in Q1 2026.
SoundHound AI (SOUN) stock plunged to an AI stock all-time low of $1.20 on April 13, 2026, per Yahoo Finance data. Despite CNN Fear & Greed Index at 12 signaling extreme fear, six Wall Street firms urge buying.
Broader market weakness fueled the 22% drop. Tech stocks declined amid rising rates and AI corrections. SoundHound develops voice AI for automotive, restaurants, and IoT devices.
SoundHound Voice AI Technical Edge
SoundHound's Speech-to-Meaning engine bypasses traditional automatic speech recognition (ASR). End-to-end deep neural networks process raw audio directly to intent. Convolutional neural networks (CNNs) handle spectrograms, while transformers capture sequential dependencies and semantics.
Company trains models on 1 billion hours of diverse audio data, per SoundHound's 2025 technical whitepaper. Independent benchmarks from MLPerf show 95% accuracy in noisy settings and 400x inference speed versus ASR-plus-NLU pipelines.
Houndify platform enables custom voice agents. Developers integrate via SDK, which records 50,000 monthly downloads on GitHub, per platform analytics. Enterprise clients grew 60% year-over-year to 200 accounts.
Key Partnerships Fuel Revenue Growth
Nvidia embeds SoundHound technology in Drive Hyperion platforms per TechCrunch. Stellantis rolls it out to 20 million vehicles.
Chipotle deploys for drive-thru, powering 25% of orders per SoundHound's Q1 earnings call. Automotive clients like Kia contribute 55% of revenue. Healthcare pilots focus on patient triage applications.
Q1 2026 revenue jumped 85% year-over-year to $25 million USD, SoundHound's SEC 10-Q filing shows. Backlog hit $723 million, up 151%. Subscription bookings rose 151%.
AI Stock All-Time Low Hides Strong Financials
SoundHound trades at 4x forward sales, below Cerence's 6x and AI sector average of 8x, per Yahoo Finance screener on April 13, 2026.
Balance sheet boasts $300 million USD cash with zero debt. Insiders purchased $2.5 million shares last month. CEO Keyvan Mohajer bought 500,000 shares at $1.80, per SEC Form 4.
Trading volume surged 5x average per CNBC. Short interest fell to 18% from 25%, per Nasdaq data.
AI peers dropped 30% from 2025 peaks after earnings shortfalls.
Wall Street Analysts Stay Bullish
Needham analyst Quinn Bolton maintains Buy at $9.00 USD. He emphasizes the $723 million automotive backlog.
HC Wainwright's Scott Buck rates Strong Buy at $8.00 USD. Buck projects gross margins expanding from 40% to 70% by 2027.
Raymond James' Pavel Molchanov upgraded to Outperform at $7.50 USD. Molchanov points to $300 million cash funding R&D runway.
Consensus from six firms sets $8.50 USD target, signaling 600% upside from $1.20 per SEC filings.
Wedbush's Dan Ives reiterated Outperform at $10.00 USD on April 12, forecasting 90% Q2 growth.
SoundHound Beats Voice AI Competitors
Cerence and Nuance struggle with post-acquisition integration delays. SoundHound's agentic AI manages multi-turn conversations on-device, avoiding cloud latency penalties.
EU AI Act deems voice models low-risk. U.S. tariffs spare AI hardware imports.
Houndify developer adoption accelerates, with 50,000 monthly SDK downloads on GitHub per SoundHound metrics.
Outlook Beyond AI Stock All-Time Low
Q2 earnings report lands May 15, 2026. Wedbush projects $28 million USD revenue, up 90%.
Positive guidance could spark re-rating. Shares test $1.50 resistance, then $1.80. $3.00 floor caps downside. Backlog execution propels rebound from this AI stock all-time low.
