SoundHound AI Inc (NASDAQ: SOUN) is scheduled to release its second-quarter earnings on Aug. 5, a report that carries significant weight for a stock already under severe pressure.
Shares have shed more than 40% of their value since the start of 2026, leaving investors in urgent need of a positive catalyst to reverse the damaging downtrend.
Despite the prolonged selloff, Wall Street analysts covering the company have refused to abandon their optimistic outlook on the artificial intelligence voice technology firm.
All four analysts who actively cover SoundHound AI currently rate the stock a “buy,” a rare show of unanimous conviction given how sharply the shares have declined.
Their average price target sits at $12.75, implying more than 100% upside from current levels over the next 12 months if that consensus view proves correct.
The most bullish voice on Wall Street belongs to Thomas Blakely of Cantor Fitzgerald, who carries a $15 price target on the stock.
Blakely reaffirmed that $15 target on May 8, at a time when SoundHound AI shares were trading near $9, and he has given no indication his conviction has wavered since.
The stock has fallen roughly 30% from those May levels, yet Blakely’s enthusiasm for the company’s growth strategy appears unchanged heading into the quarterly report.
In the past, Blakely has been particularly excited about SoundHound AI’s ability to cross-sell its expanded product portfolio to existing customers, a strategy that could meaningfully accelerate revenue if executed successfully.
The Aug. 5 earnings report will be defined primarily by top-line sales growth and the company’s progress along its path toward profitability, two metrics that will drive the immediate stock reaction.
Investors and traders alike should prepare for a sharp move in either direction depending on whether the reported figures reinforce or undercut the bullish narrative analysts have maintained throughout this difficult stretch.
With more than 100% upside priced into analyst targets and shares at depressed levels, the stakes surrounding this quarterly update could hardly be higher for SoundHound AI shareholders.
