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Where Will SoundHound AI Be in 3 Years?

TheMotleyFool

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Where Will SoundHound AI Be in 3 Years?Photo, wide shot, wide-angle lens, Computer hardware manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Art Wolfe: https://img.theapi.app/temp/bee95973-d201-429b-849e-52867059bd1a.png

SoundHound AI (NASDAQ: SOUN) has taken its investors on a wild ride over the past three years. The specialist in audio and speech recognition software went public by merging with a special purpose acquisition company on April 28, 2022. The shares opened at $8.72 and skyrocketed to an all-time high of $24.23 on Dec. 26, 2024.

But today, they trade at about $8.11. Let's see why the stock took a rollercoaster price ride over the past three years that puts it just below its debut price, and if it has a shot at revisiting its record high over the next three years.

Image source: Getty Images.

Source Fool.com

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