Veritone - VERI Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Veritone in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" VERI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in VERI, but not buy additional shares or sell existing shares.
View VERI analyst ratings or view top-rated stocks.

3 Wall Street research analysts have issued 12-month price targets for Veritone's shares. Their VERI share price forecasts range from $10.00 to $18.00. On average, they predict the company's stock price to reach $12.75 in the next year. This suggests a possible upside of 118.7% from the stock's current price.
View analysts price targets for VERI or view top-rated stocks among Wall Street analysts.

Veritone's stock was trading at $5.30 at the beginning of 2023. Since then, VERI stock has increased by 10.0% and is now trading at $5.83.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our VERI earnings forecast.

Veritone, Inc. (NASDAQ:VERI) posted its quarterly earnings data on Thursday, March, 2nd. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.07) by $0.03. The firm earned $43.89 million during the quarter, compared to analysts' expectations of $44.46 million. Veritone had a negative trailing twelve-month return on equity of 62.07% and a negative net margin of 21.07%.

ETFs with the largest weight of Veritone (NASDAQ:VERI) stock in their portfolio include SoFi Web 3 ETF (TWEB), First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT), SPDR S&P Kensho Intelligent Structures ETF (SIMS).WisdomTree Artificial Intelligence and Innovation Fund (WTAI) and

Veritone updated its first quarter 2023 earnings guidance on Thursday, March, 2nd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $29.50 million-$30.50 million, compared to the consensus revenue estimate of $33.89 million.

50 employees have rated Veritone Chief Executive Officer Chad Steelberg on Glassdoor.com. Chad Steelberg has an approval rating of 56% among the company's employees. This puts Chad Steelberg in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Veritone investors own include NVIDIA (NVDA), Energy Transfer (ET), Advanced Micro Devices (AMD), OPKO Health (OPK), QUALCOMM (QCOM), Enphase Energy (ENPH), Overstock.com (OSTK), Boeing (BA), AT&T (T) and Twilio (TWLO).

(VERI) raised $20 million in an initial public offering (IPO) on Friday, May 12th 2017. The company issued 1,300,000 shares at a price of $14.00-$16.00 per share. Wunderlich and Craig-Hallum Capital Group acted as the underwriters for the IPO and Northland Capital Markets was co-manager.

Veritone trades on the NASDAQ under the ticker symbol "VERI."

Shares of VERI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of VERI stock can currently be purchased for approximately $5.83.

Veritone (NASDAQ:VERI) has a market capitalization of $213.14 million and generates $149.73 million in revenue each year. The company earns $-25,560,000.00 in net income (profit) each year or ($1.23) on an earnings per share basis.

The company employs 546 workers across the globe.

Veritone's mailing address is 575 ANTON BOULEVARD SUITE 100, COSTA MESA CA, 92626. The official website for the company is www.veritone.com. The company can be reached via phone at (888) 507-1737 or via email at investors@veritone.com.