Roth Capital Thinks Veritone Inc’s Stock is Going to Recover


Roth Capital analyst Darren Aftahi maintained a Buy rating on Veritone Inc (VERI) yesterday and set a price target of $15. The company’s shares closed yesterday at $6.88, close to its 52-week low of $6.50.

Aftahi observed:

“We were encouraged to see bottom line progress while Wazee integration resulted in a new customer win for combined DAM/DHS/AI, which we believe is a sizable opportunity LT (especially in M&E). VERI began to make progress on the law enforcement vertical, which should add another layer of AI growth, although still in its early days. We have fine-tuned our FY19 model, along with our PT to $15.”

According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 8.6% and a 50.0% success rate. Aftahi covers the Technology sector, focusing on stocks such as Digital Turbine Inc, The Meet Group Inc, and Mitek Systems Inc.

Veritone Inc has an analyst consensus of Moderate Buy, with a price target consensus of $18.

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The company has a one-year high of $29.62 and a one-year low of $6.50. Currently, Veritone Inc has an average volume of 175.2K.

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Veritone, Inc. engages in the development of cloud-based artificial intelligence media software. It provides a cloud-based solution available for media professionals to capture, index, search, and extend broadcast and digital content. Its products include content management, analytics, search and discovery, and share and extend.

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