Wall Street Thinks This beaten Down AI Stock Could Easily Double From Here

Wall Street Thinks This beaten Down AI Stock Could Easily Double From Here Jabran Kundi Wed, June 10, 2026 at 11:23 AM GMT+2 2 min read SOUN SoundHound AI Inc. (NASDAQ: SOUN ) is one of the 12 Best Mid-Cap AI Stocks to Buy According to Analysts . SoundHound AI Inc.

(NASDAQ:SOUN) is a stock that has significantly underperformed during the AI rally over the last 12 months. Even though analysts have a median upside of 83% on the stock, its performance has been choppy and is currently among the most shorted stocks on Wall Street. This negativity brings with it an opportunity that makes the stock one of the best mid-cap AI stocks to buy, according to analysts.

SoundHound AI Inc. (NASDAQ:SOUN) is one of the 12 Best Mid-Cap AI Stocks to Buy According to Analysts. The company’s most recent earnings report on May 7 showed a glimpse of the potential that is driving this analyst optimism.

It registered a topline growth of more than 50%, with the automotive and IoT AI business up over 88% YoY. The firm is planning its resurgence around the agentic AI theme, with the announcement of OASYS prior to the earnings, a platform where AI builds AI, helping the company achieve its mission of delivering a single agentic AI ecosystem. The management was asked about the sustainability of its growth through an acquisition strategy, and CEO Keyvan Mohajer reiterated that revenue growth and cost synergies will deliver the expected return on investment in the short term.

The most recent acquisition of LivePerson, a digital customer service platform, is expected to close in the second half of the year. While the market may not yet have priced in the positive impact of these acquisitions, analysts are certainly the most bullish on the company’s prospects over the next twelve months. SoundHound AI Inc.

(NASDAQ:SOUN) is a voice artificial intelligence company offering voice AI solutions to businesses. It is based in Santa Clara, California. While we acknowledge the potential of SOUN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk.

If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock . READ NEXT: 12 Best Mid-Cap AI Stocks to Buy According to Analysts and 7 Best Data Centre GPU-as-a-Service Stocks To Buy . Disclosure: None.

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