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Piper Sandler lowered its price target for the stock to $6 from $7, keeping its rating at neutral. This suggests the firm sees the stock as fairly valued at its current price rather than a bargain to buy right now. While the target move is small, the average analyst target across the market remains higher at $9. For a company in a high-growth phase like this one, these small target tweaks are common as analysts adjust their models for the timing of new contracts and acquisitions.
Source: Piper Sandler
SoundHound released a new system called OASYS Edge that allows its voice AI to run directly on a device's own chips. This means things like cars and smart appliances can process complex voice commands and tasks without needing to send data to a remote server or have a steady internet connection.
This is a useful step for the company's goal of becoming the standard voice interface for the automotive industry. Processing AI on the "edge," or the device itself, is usually faster and more private than using the cloud. For a long-term owner, this helps SoundHound compete with larger rivals by offering a specialized tool that works in places where a constant web connection isn't guaranteed.
Source: GlobeNewsWire
Following the close of its purchase of LivePerson on September 4, SoundHound AI filed formal notice with the SEC to finalize the merger. As part of the deal, the company agreed to register new shares of its own stock so that certain debt holders from LivePerson can eventually sell them on the open market. While this filing is a routine part of closing a large acquisition, it formalizes the legal steps required to integrate the two businesses. For long-term owners, the focus now shifts from the paperwork to how well SoundHound can combine LivePerson’s customer service tech with its own voice AI to reach its goal of 500 million dollars in yearly revenue.
Source: 8-K filing
SoundHound AI has finished its acquisition of LivePerson, a company that helps businesses talk to customers through chat and voice. This deal is a central part of SoundHound's plan to grow its revenue toward 500 million dollars. By combining their tech, the company aims to move beyond simple voice commands into "agentic AI," which are systems that can handle complex tasks like processing insurance claims or managing restaurant bookings on their own.
John Collins, who was the finance chief at LivePerson, will take over the same role for the combined company. For those holding the stock, the focus now shifts to how well these two businesses blend together. The goal is to see if this larger scale helps the company finally reach profitability by late 2026 or 2027, as it tries to prove its specialized software can win against broader AI tools from much larger tech rivals.
Source: GlobeNewsWire
LivePerson, a company that makes software for businesses to chat with customers, is reminding its shareholders to vote on its proposed merger with SoundHound. The vote is now set for September 2. This deal is a major part of SoundHound's plan to grow its revenue to 500 million dollars by combining its voice technology with LivePerson's customer service tools.
For SoundHound, this merger is about scale. It wants to move beyond simple voice commands and become a complete system that can handle complex tasks like processing insurance claims or managing restaurant orders. The reminder to vote is a routine step in closing the deal, but it keeps the company on track to meet its growth targets for the year.
Source: PRNewsWire
Management has cleared the bar in most recent quarters, suggesting they have a firm handle on the business as it scales through acquisitions.
| Expectation | |
|---|---|
| EPS | $-0.07 |
| Revenue | $62M |
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