---
title: "SoundHound AI (SOUN) Stock Draws Bullish Analyst Support Despite Price Target Cuts After Earnings"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285790392.md"
description: "SoundHound AI (SOUN) stock has garnered positive analyst attention despite recent price target reductions following its Q1 earnings report. Analysts from Northland Securities and D.A. Davidson have lowered their price targets to $12 while maintaining bullish ratings, indicating a potential upside of approximately 41.68%. The company exceeded revenue expectations but fell short on adjusted EBITDA due to ongoing investments in technology and expansion."
datetime: "2026-05-09T02:05:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285790392.md)
  - [en](https://longbridge.com/en/news/285790392.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285790392.md)
---

# SoundHound AI (SOUN) Stock Draws Bullish Analyst Support Despite Price Target Cuts After Earnings

SoundHound AI (SOUN) stock attracted renewed analyst attention even after the voice artificial intelligence (AI) company delivered Q1 results above estimates, prompting several Wall Street firms to update their price targets while largely maintaining bullish ratings on the shares.

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## **Analysts Remained Bullish on SOUN Stock Despite Lower Price Targets**

Northland Securities analyst Michael Latimore lowered his price target on SOUN stock to $12 from $14 while maintaining an Outperform rating. Latimore noted that SoundHound slightly exceeded revenue expectations during Q1 but missed adjusted EBITDA estimates due to continued investments in technology and expansion efforts.

Additional analyst coverage of SOUN stock included:

-   D.A. Davidson analyst Gil Luria reiterated a Buy rating while lowering his price target to $12 from $14, implying a potential 41.68% upside for the shares.
-   Wedbush analysts maintained a Buy rating and a $12 price target for SOUN stock, suggesting a possible 41.68% upside.

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