Analysts Offer Insights on Technology Companies: Veritone (VERI), Micron (MU) and Joby Aviation (JOBY)

Analysts have been eager to weigh in on the Technology sector with new ratings on Veritone (VERI – Research Report), Micron (MU – Research Report) and Joby Aviation (JOBY – Research Report).

Veritone (VERI)

Bank of America Securities analyst Koji Ikeda reiterated a Sell rating on Veritone yesterday and set a price target of $4.25. The company’s shares closed last Wednesday at $4.10, close to its 52-week low of $2.98.

According to TipRanks.com, Ikeda is a 5-star analyst with an average return of 17.4% and a 63.4% success rate. Ikeda covers the Technology sector, focusing on stocks such as Zeta Global Holdings Corp, ZoomInfo Technologies, and BigCommerce Holdings.

Veritone has an analyst consensus of Hold, with a price target consensus of $5.04.

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Micron (MU)

Wells Fargo analyst Aaron Rakers maintained a Buy rating on Micron yesterday and set a price target of $82.00. The company’s shares closed last Wednesday at $67.07.

According to TipRanks.com, Rakers is a top 100 analyst with an average return of 23.7% and a 65.7% success rate. Rakers covers the Technology sector, focusing on stocks such as Mobileye Global, Inc. Class A, Advanced Micro Devices, and Pure Storage.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Micron with a $74.56 average price target, which is a 13.6% upside from current levels. In a report issued on June 14, Bernstein also maintained a Buy rating on the stock with a $85.00 price target.

Joby Aviation (JOBY)

In a report released yesterday, Savanthi Syth from Raymond James maintained a Hold rating on Joby Aviation. The company’s shares closed last Wednesday at $8.96, close to its 52-week high of $9.17.

According to TipRanks.com, Syth is a 5-star analyst with an average return of 9.2% and a 53.9% success rate. Syth covers the Industrial Goods sector, focusing on stocks such as United Airlines Holdings, Southwest Airlines, and Ryanair Holdings.

Joby Aviation has an analyst consensus of Strong Buy, with a price target consensus of $9.00.

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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