Bond.az - UBS has initiated coverage on veritone" class="internal-tag-link">Veritone Inc. (NASDAQ:VERI) with a Neutral rating and set a price target of $2.50, down from a previous $6.00. The stock currently trades at $2.12, near its 52-week low.
The firm noted that Veritone is better positioned to scale AI solutions after years of transformation. UBS is monitoring the path to profitability given the complexity of forecasting Veritone Data Refinery deals.
The 2024 launch of VDR positions Veritone to transform unstructured data into AI-ready assets. UBS says VDR supports an estimated 25% compound annual growth rate for total revenue from 2025 to 2028.
While the company has increased balance sheet flexibility, UBS remains Neutral as it monitors profitability. The $2.50 price target is derived using approximately 1.5 times multiple on 2028 estimated revenue.
In recent news, Veritone reported mixed Q1 2026 earnings. EPS of -$0.128 beat the forecast of -$0.145, but revenue of $20.26 million missed the expected $29.31 million.
