SoundHound AI shares rise around 3.5% as LivePerson acquisition lifts long-term revenue outlook
SoundHound AI, Inc. (SOUN) climbed 3.55% after recent news about its completed acquisition of LivePerson, which raised its long-term revenue target. The rebound looks limited, as SOUN remains below its key 20-day, 50-day, and 200-day moving averages, with overhead resistance still present.
Highlights
- SoundHound AI completed the acquisition of LivePerson and raised its long-term annual revenue target to $500 million.
- Previous 2026 revenue guidance of $230 million to $260 million was increased due to the LivePerson deal, strengthening SoundHound AI in conversational AI.
- Shares of SoundHound AI trade below key moving averages with strong sell signals from multiple momentum indicators and a projected five-session range of $4.16 to $4.61.
Revenue target doubled as LivePerson deal bolsters AI positioning
SoundHound AI completed its acquisition of LivePerson, resulting in the company's long-term annual revenue target being raised to $500 million. The company is scheduled to report its third-quarter 2026 results on November 5. Prior guidance for 2026 revenue was $230 million to $260 million before the LivePerson deal, which is expected to strengthen SoundHound AI's position in conversational AI.
Seller momentum dominates as key averages and signals turn negative
SOUN trades below its 20-day, 50-day, and 200-day moving averages at $4.84, $5.8, and $7.18, showing seller dominance on all timeframes. Resistance is at $4.49, with support at $4.23. Momentum indicators are strongly negative: the MACD and Stochastic RSI both signal strong sell, RSI points to a sell near oversold levels, and the ADX highlights active selling pressure. CCI and Bull/Bear Power confirm oversold conditions, with sellers controlling intraday action. SOUN is near its session high with intraday volatility at 4.70%. Early buying contrasts with ongoing bearish momentum, raising questions about the durability of today's upside.
Earlier, analysts noted that SoundHound AI exhibited a mixed technical outlook, with bearish momentum outweighing sporadic short-term recoveries. The latest developments reinforce this cautious stance, as the stock remains firmly under technical pressure and traders should monitor for a decisive move above $4.49 or below $4.23 as signals for the next directional trend.