In a report released today, Scott Buck from H.C. Wainwright reiterated a Buy rating on Veritone, with a price target of $9.00.
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Scott Buck has given his Buy rating due to a combination of factors including Veritone’s strong performance and strategic financial improvements. The company reported third-quarter 2025 revenue that exceeded expectations, driven by robust demand for its Veritone Data Refinery (VDR) and significant public sector contracts. This momentum is expected to continue, with revenue growth projected to accelerate into 2026.
Additionally, Veritone has taken steps to strengthen its financial position by raising $75 million in new capital and significantly reducing its outstanding debt, which has lowered annual carrying costs. These financial maneuvers are expected to enhance the company’s path towards free cash flow. With a projected revenue growth of 23.1% in 2026 and an improved balance sheet, Scott Buck believes that Veritone is well-positioned for future success, justifying the Buy rating and maintaining a price target of $9.
Buck covers the Technology sector, focusing on stocks such as Veritone, SoundHound AI, Inc Class A, and Lightpath Technologies. According to TipRanks, Buck has an average return of 5.6% and a 33.47% success rate on recommended stocks.
In another report released on October 23, Needham also initiated coverage with a Buy rating on the stock with a $10.00 price target.