Veritone (VERI) Gets a Buy Rating from Northland Securities

By Jason Carr

In a report released today, Michael Latimore from Northland Securities maintained a Buy rating on Veritone (VERIResearch Report), with a price target of $10.00. The company’s shares closed last Monday at $2.70, close to its 52-week low of $2.43.

According to TipRanks.com, Latimore is a 4-star analyst with an average return of 5.7% and a 47.5% success rate. Latimore covers the Technology sector, focusing on stocks such as Super League Gaming, The Meet Group, and RingCentral.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Veritone with a $11.00 average price target, representing a 312.0% upside. In a report issued on October 28, Roth Capital also maintained a Buy rating on the stock with a $12.00 price target.

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The company has a one-year high of $9.98 and a one-year low of $2.43. Currently, Veritone has an average volume of 488.2K.

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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.