Think SoundHound AI Is Expensive? These 3 Charts Might Change Your Mind.
Expectations for growth this year are soaring for SoundHound AI (NASDAQ: SOUN). Last year, analysts were anticipating just 30% revenue growth. This year, analysts believe sales could nearly double. Some investors think shares are overly expensive at 36 times sales. But the charts below paint a different picture.As a pure-play company betting on voice-driven artificial intelligence (AI) applications, SoundHound AI should benefit from a rising tide in AI spending. By 2032, analysts estimate the voice AI market in general could be worth more than $40 billion. For comparison, SoundHound AI's revenue last year totaled just $85 million. Image source: Getty Images.Continue reading
Expectations for growth this year are soaring for SoundHound AI (NASDAQ: SOUN). Last year, analysts were anticipating just 30% revenue growth. This year, analysts believe sales could nearly double. Some investors think shares are overly expensive at 36 times sales. But the charts below paint a different picture.
As a pure-play company betting on voice-driven artificial intelligence (AI) applications, SoundHound AI should benefit from a rising tide in AI spending. By 2032, analysts estimate the voice AI market in general could be worth more than $40 billion. For comparison, SoundHound AI's revenue last year totaled just $85 million.
Image source: Getty Images.
