SoundHound AI Shares Drop 4.1% Amid Market Volatility

Analysts remain bullish on the voice AI company despite the stock decline.

Mar. 12, 2026 at 9:24pm

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Shares of SoundHound AI (NASDAQ:SOUN) fell 4.1% on Thursday, trading as low as $7.43 before closing at $7.47. The decline came on lower than average trading volume, with approximately 19.3 million shares traded compared to the daily average of 26.9 million. Despite the stock drop, analysts remain generally positive on SoundHound AI, with a consensus "Moderate Buy" rating and an average price target of $14.93.

Why it matters

SoundHound AI is a leading provider of voice AI and conversational intelligence technology, with its Houndify platform powering a wide range of enterprise applications. The company's stock has been volatile in recent months, reflecting broader market conditions, but its long-term growth prospects remain strong as demand for advanced voice AI solutions continues to rise.

The details

The stock decline on Thursday came after SoundHound AI reported its latest quarterly results, which met analyst expectations. The company posted revenue of $55.06 million, up 59.4% year-over-year, and a loss of $0.02 per share. Several analysts have adjusted their price targets for SoundHound AI in recent months, with some lowering their outlooks due to market conditions, while others have maintained or increased their targets based on the company's long-term potential.

  • SoundHound AI shares closed at $7.79 on Wednesday, March 11, 2026.
  • The stock traded as low as $7.43 and last traded at $7.47 on Thursday, March 12, 2026.

The players

SoundHound AI, Inc.

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

Keyvan Mohajer

CEO of SoundHound AI.

Majid Emami

SVP of SoundHound AI.

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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

Despite the recent stock volatility, SoundHound AI remains a leader in the growing voice AI market, with a strong technology platform and long-term growth potential. The company's ability to navigate market conditions and continue executing on its strategic initiatives will be key to its future success.