Prediction: SoundHound AI Stock Could Hit $20 by 2030

The voice AI solutions provider has a bright future despite a turbulent 2024.SoundHound AI (SOUN +1.19%) went public after merging with a special purpose acquisition company (SPAC) in April 2022, which means that it started trading on the stock market just before the artificial intelligence (AI) boom began with the arrival of ChatGPT later that year. Importantly, SoundHound AI has capitalized on the growing demand for AI applications over the past three years. The company's voice AI solutions are gaining popularity among customers, which explains why its revenue is growing at an incredible pace. However, SoundHound stock has seen a lot of volatility since it went public. The stock price is up just 48% since going public, following a roller-coaster ride on the market. SoundHound reported a stellar 2024 before pulling back substantially this year, driven by valuation concerns and Nvidia's decision to sell its stake in the company earlier this year. However, a closer look at SoundHound AI tells us that the company is likely to get much bigger over the next five years and deliver healthy gains to investors. Let's look at the reasons why. Image source: Getty Images. SoundHound AI's voice AI tools are boosting customers' productivity Productivity improvements and efficiency gains are key reasons why major companies have been investing in AI. Market research firm IDC estimates that AI will contribute $22.3 trillion to the global economy through 2030, accounting for 3.7% of the world's gross domestic product (GDP) by the end of the year. The firm also adds that each new dollar spent on AI solutions is expected to generate $4.90 in value. ExpandNASDAQ: SOUNSoundHound AIToday's Change(1.19%) $0.13Current Price$11.02Key Data PointsMarket Cap$4.6BDay's Range$10.81 - $11.1652wk Range$6.52 - $24.98Volume24MAvg Vol42MGross Margin30.02% This is precisely the reason why SoundHound AI's voice AI solutions are in healthy demand. It offers various kinds of voice AI products, such as AI agents, automotive-focused chatbots, smart answering systems, voice-based e-commerce solutions, smart ordering systems for restaurants, and custom AI applications.Advertisement Voice AI automation can deliver efficiency gains of 30% to 40%, according to a report. Employees can save around five to 10 hours every week, handle more customer queries, and reduce errors thanks to AI. Not surprisingly, SoundHound AI's business has been growing at a nice clip in recent years, driven by the company's fast-growing customer base. It reported $21 million in revenue in 2021. It is on track to finish 2025 with $172.5 million in revenue, as per the midpoint of its guidance range. That translates into an impressive compound annual growth rate (CAGR) of 69%. The good part is that SoundHound's growth is accelerating even though its revenue base is getting bigger with each passing year. Analysts, somehow, believe that SoundHound's growth rate will drop sharply from 2026, following an estimated jump of 104% this year. Data by YCharts. However, that's unlikely to be the case, as the voice AI infrastructure market is forecast to generate a whopping $133 billion in revenue in 2034 as compared to just $5 billion last year. SoundHound is growing at a much faster pace than the 38% annual growth that this market is projected to clock over the next decade. Moreover, it was sitting on a potential revenue backlog of $1.2 billion at the end of 2024 for the next seven years. This should allow SoundHound to easily cruise past Wall Street's growth expectations in the future, especially considering that the demand for voice AI solutions should take off thanks to the productivity gains that this technology is delivering. Here's what the stock could be worth in 2030 We have already seen that SoundHound AI has ample room for growth on account of the huge addressable opportunity in the voice AI market. Even if the company grows its revenue at an annual rate of 40% (almost in line with the pace of the voice AI infrastructure market) over the next five years, its top line could hit $928 million (using its 2025 revenue estimate of $172.5 million as the base). If the stock is trading at 8.7 times sales at that time, in line with the U.S. technology sector's average sales multiple, its market cap could jump to $8 billion. That points toward potential upside of 74% for the next five years, indicating that the stock could be trading at almost $20 in 2030. SoundHound, however, could do better than that as it is capable of growing at a much faster pace than the voice AI market, which could lead the market to reward it with a higher sales multiple and result in even bigger gains over the next five years.Read NextDec 17, 2025 •By David Jagielski, CPACan SoundHound AI Stock Turn Things Around in 2026?Dec 16, 2025 •By Bram BerkowitzStock-Split Watch: Is SoundHound AI Next?Dec 15, 2025 •By Keithen DruryThis AI Stock Could Deliver Life-Changing Returns Over the Next DecadeDec 14, 2025 •By Keithen DruryIs SoundHound a Top AI Stock for 2026?Dec 12, 2025 •By Leo Sun3 Breakout Growth Stocks You Can Buy and Hold for the Next DecadeDec 11, 2025 •By Anders BylundThink It's Too Late to Buy SoundHound AI Stock? Here's the 1 Reason Why There's Still Time.About the AuthorHarsh Chauhan is a contributing Motley Fool technology analyst covering semiconductors, consumer electronics, artificial intelligence, and software. Harsh previously worked as a journalist for CCN Markets covering crypto and macroeconomics, a contributor at Capital 10x covering metals, mining, and industrial stocks, and a research associate at Zacks Investment Research. He holds a bachelor’s degree in commerce from St. Xavier’s College in Kolkata, India.TMFTechJunk13X@techjunk13Stocks MentionedSoundHound AINASDAQ: SOUN$11.02 (+0.01%) $+0.13*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.Advertisement