SoundHound AI Stock Gets Oppenheimer Nod

SoundHound AI SOUN got a small boost Thursday, after Oppenheimer began coverage with a Perform rating. The move puts a spotlight on one of the more talked-about names in the fast-moving voice AI space.

Analyst Brian Schwartz and his team said SoundHound has the potential to become a durable growth compounder. Its conversational AI platform is already turning heads with customers who see it as a leader in speech-to-meaning tech and data analytics. A solid backlog of business gives the company a cushion as demand for voice-powered tools spreads.

But Oppenheimer also poured some cold water on the hype. The analysts worry that competitionfrom device makers to large language model providerscould slow SoundHound's push into new markets. They also flagged its steep valuation, trading at 26x their 2026 EV/revenue estimate, as a tough hurdle to clear.

For investors, the story is clear: SoundHound has real momentum, but the bar is set high, and execution will be everything.