
Veritone (VERI) Stock Forecast & Price Target
Veritone (VERI) Analyst Ratings
Bulls say
Veritone Inc. is poised for significant growth driven by its expanding deployment options and increasing adoption of its aiWARE platform within the defense sector, which is expected to enhance public-sector revenue streams. The company's robust activity is evidenced by securing a contract with a U.S. government branch and achieving awardable status in the Department of Defense’s marketplace, thus improving accessibility for potential public-sector clients. Additionally, Veritone's management anticipates rapid customer expansion, evidenced by VTR bookings exceeding $40 million and a growing pipeline of active contracts with major hyperscalers, highlighting the company's critical role in the evolving landscape of artificial intelligence.
Bears say
Veritone Inc. has been facing challenges in its revenue generation, particularly within its Software Products and Services and Managed Services, which have struggled to meet market expectations. The growth trajectory appears hindered by heightened competition in the AI computing landscape, coupled with increased operational costs impacting overall profitability. Additionally, the company’s international reach, while broad, may not be translating into sufficient market penetration or sustainable revenue streams, contributing to concerns about its future financial performance.
This aggregate rating is based on analysts' research of Veritone and is not a guaranteed prediction by Public.com or investment advice.
Veritone (VERI) Analyst Forecast & Price Prediction
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