H.C. Wainwright analyst Scott Buck reiterated a Buy rating on Veritone (VERI – Research Report) today and set a price target of $6.00.
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Scott Buck has given his Buy rating due to a combination of factors that suggest potential growth and profitability for Veritone. The company is experiencing increased demand from the public sector, having added new customers and expanded sales with existing ones. Additionally, Veritone’s Veritone Data Refinery (VDR) solution is gaining traction, with its near-term pipeline doubling since the end of the March quarter. This combination of public sector demand and VDR is expected to significantly boost revenue in the second half of 2025 and continue into 2026.
Moreover, Veritone’s recent cost-cutting measures are anticipated to help the company move towards profitability. Although the first quarter of 2025 results fell short of expectations, the company is expected to improve its year-over-year growth trends throughout the year. As Veritone executes its growth strategy and meets current growth expectations, investor interest in VERI shares is likely to increase. Therefore, Scott Buck recommends accumulating shares ahead of the anticipated revenue growth starting in the latter half of 2025.
Buck covers the Technology sector, focusing on stocks such as Veritone, Intrusion, and Lightpath Technologies. According to TipRanks, Buck has an average return of -22.0% and a 23.64% success rate on recommended stocks.