SoundHound Unveils Amelia 7 at CES, Shares Climb on In‑Car OpenTable Deal

Overview

• SoundHound introduced Amelia 7 at CES, positioning the upgrade as a shift to agentic AI that can execute multi‑step tasks such as booking reservations.
• The company announced an OpenTable integration that enables fully conversational, hands‑free in‑vehicle reservations with real‑time availability across more than 60,000 restaurants.
• SoundHound’s stock has risen roughly 12% in the first trading days of January on trading volume above its daily average.
• Piper Sandler cut its price target to $11 from $15 on January 5 and kept a Neutral rating, citing updated 10‑Q projections and execution and adoption risks for standalone vendors.
• Cantor Fitzgerald upgraded the shares to Overweight on December 11 and raised its price target to $15, citing effective cross‑selling and long‑term conversational AI growth.