After JMP Securities and Northland Securities gave Veritone (NASDAQ: VERI) a Buy rating last month, the company received another Buy, this time from Roth Capital. Analyst Darren Aftahi maintained a Buy rating on Veritone today and set a price target of $50.00. The company’s shares closed last Friday at $24.25.
According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 39.3% and a 51.0% success rate. Aftahi covers the Technology sector, focusing on stocks such as Digital Turbine, Fathom Holdings, and Remark Holdings.
Veritone has an analyst consensus of Strong Buy, with a price target consensus of $39.25.
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The company has a one-year high of $50.34 and a one-year low of $8.51. Currently, Veritone has an average volume of 336.1K.
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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.
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