In a report released yesterday, Darren Aftahi from Roth Capital maintained a Buy rating on Veritone Inc (VERI), with a price target of $15.50. The company’s shares closed yesterday at $6.19, close to its 52-week low of $3.65.
Aftahi observed:
“We are more encouraged by the use case of the platform continuing to expand, not only into additional verticals but also clients that are using aiWARE continuing to increase content, while many have signed on to use additional apps (GM +). As the pipeline ramps, we continue to be encouraged by progress and believe improved EBITDAS, as the year progresses, should be a recipe for share price improvement.”
According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 14.1% and a 52.7% success rate. Aftahi covers the Technology sector, focusing on stocks such as Digital Turbine Inc, The Meet Group Inc, and Mitek Systems Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Veritone Inc with a $14.38 average price target.
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The company has a one-year high of $24.76 and a one-year low of $3.65. Currently, Veritone Inc has an average volume of 569.6K.
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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.
