In a report released today, Darren Aftahi from Roth Capital maintained a Buy rating on Veritone Inc (NASDAQ: VERI), with a price target of $20. The company’s shares opened today at $10.48, close to its 52-week low of $10.
According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 15.0% and a 55.1% success rate. Aftahi covers the Technology sector, focusing on stocks such as Digital Turbine Inc, The Meet Group Inc, and Mitek Systems Inc.
Currently, the analyst consensus on Veritone Inc is a Moderate Buy with an average price target of $17.67.
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Based on Veritone Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $14.33 million. In comparison, last year the company had a GAAP net loss of $21.6 million.
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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.