Shares of SoundHound AI Inc (NASDAQ:SOUN) are trading flat Monday morning following a volatile post-earnings session late last week as investors digest a strong third-quarter report. Here’s what investors need to know.
- SOUN shares are trending higher. Check the analyst take here.
What To Know: Last week, the conversational AI company announced record third-quarter revenue of $42.05 million, marking a 68% year-over-year increase and beating the consensus estimate of $40.49 million. The company reported a non-GAAP loss of 3 cents per share, which was in line with analyst expectations.
Citing “booming” enterprise AI adoption and new deals, including an “eight-figure” robotics contract in China, SoundHound raised its full-year 2025 revenue outlook to a new range of $165 million to $180 million. CEO Keyvan Mohajer stated the company’s technology “beat the big tech … by as much as 35%–40%” in accuracy and latency. SoundHound ended the quarter with $269 million in cash.
Following the report, analyst firm Piper Sandler maintained its Neutral rating on the stock, but raised its price target from $12 to $15.
Benzinga Edge Rankings: Reflecting the stock’s recent performance, Benzinga Edge Rankings show SoundHound has a strong Momentum score of 92.33.
SOUN Price Action: SoundHound AI shares were up 0.35% at $14.19 at the time of publication on Monday, according to Benzinga Pro data.
Read Also: Investors Fear An AI Bubble Burst—Goldman Says It’s Still Early Days
How To Buy SOUN Stock
By now you're likely curious about how to participate in the market for SoundHound AI – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
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