In a report released today, Darren Aftahi from Roth MKM maintained a Hold rating on Veritone (VERI – Research Report), with a price target of $3.50. The company’s shares opened today at $4.47.
Aftahi covers the Technology sector, focusing on stocks such as Veritone, Direct Digital Holdings, and Riot Platforms. According to TipRanks, Aftahi has an average return of 7.6% and a 37.05% success rate on recommended stocks.
Currently, the analyst consensus on Veritone is a Hold with an average price target of $5.17, implying a 15.66% upside from current levels. In a report released on June 5, UBS also maintained a Hold rating on the stock with a $3.50 price target.
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The company has a one-year high of $10.99 and a one-year low of $2.98. Currently, Veritone has an average volume of 724.9K.
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Veritone, Inc. engages in the provision of artificial intelligence (AI) computing solutions to media and entertainment, government, and legal and compliance industries. It operates through the following segments: Advertising; aiWARE SaaS Solutions; and aiWARE Content Licensing and Media Services. The Advertising segment places advertisements for clients, primarily with radio broadcasters, podcasters and digital media producers. The aiWARE SaaS Solutions segment offers solutions through a combination of its direct sales force and indirect channel partners such as value-added resellers (VARs), distributors, system integrators, managed services providers, and referral partners. The aiWARE Content Licensing and Media Services segment sells and markets activities relating to its digital content licensing services business through its direct sales force. The company was founded by Chad Steelberg and Ryan Steelberg in 2014 and is headquartered in Costa Mesa, CA.
Read More on VERI:
- Veritone Slips on $52M Broadbean Acquisition
- Veritone to Acquire Broadbean, Signifying Deeper, Global Commitment for Veritone’s AI-powered Human Resources Solutions
- Veritone price target lowered to $8 from $11 at Roth MKM
- Veritone narrows FY23 revenue view to $158M-$166M from $158M-$168M
- Veritone sees Q2 revenue $32M-$34M, consensus $34.85M
