SoundHound AI Stock Price Drops 3.9%

Analysts Adjust Price Targets as AI Company's Shares Decline

Mar. 10, 2026 at 9:36pm

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Shares of SoundHound AI, Inc. (NASDAQ:SOUN) fell 3.9% on Tuesday, trading as low as $7.88 per share. The drop comes as the company's stock has seen increased volatility, with analysts adjusting their price targets both up and down in recent months.

Why it matters

SoundHound AI is a prominent player in the voice AI and conversational intelligence space, providing technology for speech recognition, natural language understanding, and sound identification. The company's stock performance is closely watched as an indicator of sentiment around the broader voice AI industry.

The details

The decline in SoundHound AI's stock price on Tuesday was attributed to a 7% drop in trading volume compared to the company's average daily volume. Several research analysts have adjusted their price targets for the stock in recent months, with Cantor Fitzgerald raising its target to $15 while Piper Sandler lowered its target to $9.

  • SoundHound AI's stock closed at $8.22 on the previous trading day.
  • The stock traded as low as $7.88 on Tuesday before closing at $7.90.

The players

SoundHound AI, Inc.

A voice AI and conversational intelligence company specializing in speech recognition, natural language understanding and sound identification technologies.

Cantor Fitzgerald

A research firm that raised its price target for SoundHound AI from $13 to $15.

Piper Sandler

A research firm that lowered its price target for SoundHound AI from $11 to $9.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee (Instagram)

The takeaway

The volatility in SoundHound AI's stock price reflects the broader uncertainty and shifting sentiment around the voice AI industry, as analysts adjust their expectations and outlooks for the company's performance.