While SoundHound’s stock price trades in a narrow channel, RSI levels near 58 point to moderate momentum. Investors are factoring in revenue climbs from recent automotive OEM contracts in Q1 forecasts. Analysts maintain a consensus price target of $12.63 on the stock, with bulls pointing to the company’s strong backlog and long-term growth rate as key drivers. The company’s Amelia 7 platform, launched in May, was among the first to offer agentic AI capabilities for enterprise use. IonQ is betting that its trapped-ion technology, which uses actual atoms instead of fabricated qubits, can deliver more stable results with fewer errors. It's also developed its Clifford Noise Reduction software to help reduce logical error rates even further. Technical charting shows SoundHound facing resistance at its 200-day moving average. A close above $6.35 could trigger momentum algorithms to push the stock higher into the $6.50 zone.
