SoundHound AI, Inc. has agreed to acquire Interactions Corporation for up to $85 million, with $60 million upfront and a $25 million earn-out. The deal expands SoundHound’s AI technology and customer base, with H.C. Wainwright analyst Scott Buck predicting a 20% upside for the stock. SoundHound reported stronger-than-expected financial results this year, with revenue exceeding forecasts and a raised sales outlook for 2025. Wainwright values the stock at $18 per share based on future revenue projections. The Interactions acquisition strengthens SoundHound’s financial profile and growth pipeline, boosting confidence in achieving profitability by late 2025. SOUN shares were trading higher at $14.72.

Read more at Yahoo Finance: SoundHound AI Executes Expansion Playbook Again With Interactions Deal