
Veritone (VERI) Stock Forecast & Price Target
Veritone (VERI) Analyst Ratings
Bulls say
Veritone is facing competition in the AI market, but management believes in a $99 million revenue opportunity in the next 18 months. Despite delayed execution impacting reported revenue and the need for improvement in accounting discipline, the company's quarterly revenue approaching $30 million shows potential for scalable growth. With management addressing issues and a solid growth narrative, Veritone has the potential for success.
Bears say
Veritone is facing multiple headwinds, including a downward revision of their revenue guidance and unexpected delays in contract execution. Their SaaS ARR has declined, and they have reported a significant decrease in both revenue and operating cash flow. In addition, Veritone operates in a highly regulated market, raising concerns about their ability to comply with data privacy and security laws. These factors, combined with a history of downward revisions, have led to a negative outlook on the stock.
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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