If you are looking for the next two tech winners, stocks with triple-digit upside potential that may be unlocked in 2025, look no further than SoundHound (NASDAQ: SOUN) and AppLovin (NASDAQ: APP). These companies are monetizing AI today, establishing industry-leading technology, and improving their outlooks for long-term growth in ways that analysts are noticing. The business trends are sufficient to drive their stock prices higher over time; the analysts' trends and technical chart patterns suggest that the value could be unlocked in 2025. 

SoundHound Gains Traction: Hyper Growth Accelerating on Business Wins

SoundHound’s stock price rocketed in 2024 and will likely continue rising in 2025 because its hypergrowth is accelerating, and MarketBeat’s reported consensus forecast is likely to be low. Outperformance is expected. The latest results include another client win, which is important for increasing revenue and affirming business, paving the way for additional client wins in 2025.

The affirmation is important because McDonald’s is a potential client. McDonald’s scrapped its first attempt at AI-enabled call services and is reportedly reviewing SoundHound, now used in over 10,000 restaurant locations, for its more than 40,000 locations. Other restaurant chains may follow suit, and SoundHound technology is well-suited for numerous industry verticals because of how it functions. Unlike most voice recognition, which converts sound to text to meaning, SoundHound technology improves accuracy and saves time by going directly from sound to meaning. 

The analysts' trends provide a strong tailwind for SoundHound stock. The consensus price target of $12 lags the market significantly but does not reflect the strength of the tailwind provided. The FQ3 2024 earnings report caused analysts at Wedbush and HC Wainwright to more than double their price targets, lifting the consensus by nearly 100% in under a week, pointing to a mid-twenty-dollar price point. The two targets average $24 or 20% above the current price action in late December, and the revision trend is expected to continue in 2025. 

Sell-side interest is another strong tailwind for this market. In 2024, institutions are buying this stock at a pace double that of sellers, increasing their position to over 20%. 20% isn’t a large institutional interest, but it is growing, and with plenty of stock available, the tailwind it provides could remain in place for many quarters. Technically, the move to new highs in December is very bullish for this market and suggests a move into the $30 range is likely. 

AppLovin Pull-Back Is a Buying Opportunity That Shouldn’t be Missed

AppLovin’s stock price pulled back sharply in early December when it was passed up for inclusion in the S&P 500. However, the company’s business has driven the stock price to its all-time high levels, and the S&P 500 inclusion may come later, making the pullback an attractive buying opportunity. Results in 2024 include growth in the 30% range, outperformance, and a move into the eCommerce industry expected to sustain top-line growth over the next few years. eCommerce is well-suited for AppLovin’s platform, which uses machine learning to serve ads to targeted markets. 

The analysts' response to the news is as bullish as the response to SoundHound. The revisions since the Q3 report was released lifted the consensus price target by nearly 50%, leading the market to a new all-time high. The high-end range has this stock trading near $450, about 35% above the price action in late December, with revisions expected to continue rising as 2025 progresses. Takeaways from the chatter are that AppLovin will be one of the better growth stocks in 2025 as the core business remains strong and eCommerce adds incrementally to it. 

Among the critical details from the price chart is the trading volume. This stock has seen its volume increase steadily for years, hitting new highs in 2024. This indicates increasing ownership, conviction, and liquidity that supports the uptrend. The uptrend in volume is due partly to institutional activity, which is ramping higher along with the share price as institutions buy on the dips. Another trend that is expected to continue in 2025.