SoundHound AI Inc. (NASDAQ: SOUN) is experiencing a significant uptick in its stock value, reflecting investor confidence bolstered by recent strategic developments. The company's stock has risen following the announcement of a major acquisition and a key partnership.
In a move to expand its enterprise solutions, SoundHound AI has agreed to acquire Interactions Corporation, a leader in AI-driven customer service and workflow automation. This acquisition, valued at up to $85 million, is expected to enhance SoundHound's AI capabilities and broaden its market reach.
SoundHound AI has partnered with Red Lobster to implement its voice-powered ordering system across all restaurant locations. The AI system can handle multiple calls simultaneously, take orders, and answer common customer questions, streamlining the ordering process and improving customer experience.
Stock Performance and Market Outlook
As of September 23, 2025, SOUN stock is trading at $17.70, reflecting an increase from the previous close. The stock has shown significant growth over the past month and a strong rise over the last year. Analysts have set a price target range for SOUN between $12.00 and $18.00, indicating potential for continued growth.
SoundHound AI's recent strategic moves position it for continued growth in the competitive AI industry. Investors are closely monitoring the company's developments, with expectations of further stock appreciation as these initiatives unfold.
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