SoundHound AI's Stock Could Reach $120 by 2030 Amid AI Voice Tech Expansion

SoundHound AI (SOUN) is positioned for significant long-term growth, with a projected stock price of $120 by 2030 based on current trajectory and market expansion in AI voice technologies. The company, a leader in voice-to-intent AI, has been integrating its platform into major automotive systems, including partnerships with Hyundai and BMW, enabling hands-free navigation and intelligent in-car experiences. These deployments are expected to expand globally, contributing to a projected 40% annual increase in platform revenue through 2028. The company’s AI engine, which powers voice assistants for enterprises and consumer devices, continues to evolve with advancements in natural language processing and real-time response capabilities. As of Q3 2025, SoundHound reported $48 million in revenue, a 32% year-over-year increase, reflecting strong demand from enterprise clients in healthcare, retail, and customer service automation. The company also maintains a strategic focus on generative AI, aiming to integrate voice-driven content creation tools by 2026. Market analysts expect SoundHound’s valuation to rise as AI adoption accelerates, particularly in industries prioritizing voice interfaces. With a current market cap of approximately $1.8 billion and a forward P/E ratio of 45, the stock remains speculative but resonates with growth-oriented investors seeking exposure to AI infrastructure. The $120 price target implies a 3.8x increase from current levels, assuming sustained margin improvement and expanded international licensing deals. Investors in SOUN should monitor quarterly revenue growth, enterprise contract wins, and the pace of integration into new verticals. The stock’s performance will also be sensitive to broader AI sector sentiment and macroeconomic conditions affecting tech valuations.