
Veritone (VERI) Stock Forecast & Price Target
Veritone (VERI) Analyst Ratings
Bulls say
Veritone Inc. is poised for solid growth driven by expanding deployment options and increasing adoption within the defense sector, which may lead to new contract wins and heightened public sector revenue for its aiWARE platform. The company's recent achievements, including securing a contract with a branch of the U.S. Air Force and gaining “awardable” status in the Department of Defense's P1 Solutions Marketplace, enhance its visibility and accessibility to government customers, contributing to a robust pipeline of opportunities. Additionally, with VTR bookings exceeding $40 million and a strong near-term pipeline, Veritone is well-positioned to capitalize on the expected rapid customer expansion as technological advancements in AI continue to evolve.
Bears say
Veritone Inc. has been facing challenges in generating consistent revenue growth from its AI solutions, particularly from its Software Products and Services segment, which may be affecting investor confidence. The company's reliance on Commercial Enterprise and Government clients has led to significant financial pressure due to fluctuations in demand within these sectors. Additionally, the slower adoption of its aiWARE platform and the competitive landscape in the AI computing market raise concerns regarding Veritone's ability to maintain profitability and market share, contributing to a negative financial outlook.
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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