JMP Securities analyst Patrick Walravens lowered the firm’s price target on Veritone to $11 from $17 and keeps an Outperform rating on the shares. The company’s Q3 results were better than expected but its guidance was mixed, the analyst tells investors in a research note. Veritone’s change of CEO helps the company’s in reconsidering the balance of growth and profitability going forward, particularly given the difficult macro economic environment, Walravens adds.
Published first on TheFly
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