BUZZ-SoundHound AI rises after Q4 rev beat-and-raise

Shares of SoundHound AI SOUN.O up 3.3% to $9.51 ahead of the bell after qtrly rev topped analysts' expectations and it boosted 2025 rev outlook

Santa Clara, California-based co late Thurs reported Q4 rev of $34.5 mln, double last year's figure, citing strong momentum in voice-enabled Agentic AI

Analysts expected rev of $33.8 mln, according to LSEG data

Co raised 2025 rev outlook to $157-$177 mln, up from prior forecast of $155-$175 mln

DA Davidson reiterated 'buy' rating and hiked PT from $9.50 to $13

Demand remains elevated as SOUN expands its business with leading players across industries including financial, healthcare, energy and others, DA Davidson said in note

6 of 7 brokerages rate SOUN "strong buy" or "buy", 1 rates "hold"; median PT of $13 up from $9 a month ago - LSEG

Through Thurs, stock down ~54%. AI-related names have been pressured since Chinese startup DeepSeek rolled out a free AI model a month ago