H.C. Wainwright analyst Scott Buck reiterated a Buy rating on SoundHound AI, Inc. (NASDAQ: SOUN) stock on January 12, maintaining a price target of $26.00. The firm views the company as a long-term winner in voice AI with sustained revenue momentum expected throughout the year.
The firm highlighted demonstrations by SoundHound at CES 2026 in Las Vegas. The company showcased its Vision AI technology, which combines real-time camera-based visual perception with its established voice AI capabilities.
Another highlight at the event was the Agentic+ platform, which allows businesses to deploy their own agents within minutes. Firm analysts sampled these demonstrations and held discussions with members of the SoundHound executive team.
These discussions reflected a high level of interest from multiple verticals, including automotive and the service sector, for SoundHound's products. The firm also noted favorable traction across both direct and channel sales efforts.
As a result, H.C. Wainwright anticipates SoundHound will reach breakeven on an adjusted EBITDA basis by the end of the year. The firm noted the company remains willing to accept lower margins in the near term as it prioritizes growth.
"Positive revenue traction and renewed focus on operating costs drive management’s expectation to exit 2026 at adj. EBITDA breakeven levels," the firm stated. "However, growth remains a priority suggesting the company may sacrifice adj. EBITDA margin near term should revenue opportunities present themselves, either organically or through M&A. The company is afforded this flexibility because of its balance sheet strength, holding $269.0M of cash and no debt as of 3Q25. In addition, we believe there may be attractive opportunities through strategic partnerships that could drive additional customer engagement and revenue in future periods. While growth rarely moves in a straight line, we believe the company continues to position itself as a long-term winner in voice AI and expect the company to continue to demonstrate material revenue growth through 2026. We remain Buy-rated with a $26 price target."
SoundHound AI, Inc. is a voice artificial intelligence company offering voice AI solutions to businesses.