SoundHound Stock’s Lofty Valuation: Still Worth the Price?
SoundHound AI SOUN continues to command a rich valuation. The company’s forward 12-month price-to-sales (P/S) ratio stands at 20.45, above the Zacks Computers – IT Services industry average of 19.17. Over the past three years, SOUN’s P/S ratio has fluctuated widely between 2.92 and 94.4, showing how investor appetite for voice AI has shifted depending on macro conditions and competitive progress.
SoundHound has quickly emerged as a key player in conversational AI, gaining traction in the automotive and restaurant sectors with its proprietary voice platform. Yet, the stock’s lofty valuation metrics and stiff competition from Big Tech are keeping many investors cautious.
SOUN’s Valuation
