This Is What UBS Wants You to Know About Veritone Inc (VERI) Stock

Veritone Inc (NASDAQ:VERI) is one of the best AI stocks under $10 to buy now. Veritone shares have pulled back roughly 25% over the past month, but analysts see the stock exploding almost 370% over the next 12 months. Veritone stock is backed by 19 hedge funds.

On June 1, UBS launched coverage of Veritone Inc (NASDAQ:VERI) with a Neutral rating and a price target of $2.50. The brokerage remains cautiously optimistic on Veritone as it monitors the company's path to profitability, considering the complexity of forecasting Veritone Data Refinery deals. Otherwise, UBS believes Veritone is well-positioned to scale AI solutions.

According to the firm, the Veritone Data Refinery (VDR) offering, which launched in 2024, positions the company well in a fast-growing market. The firm said Veritone can capture a portion of the training data market, which is forecast to grow to $17 billion by 2032 from $2.6 billion in 2024. VDR helps organizations transform large amounts of unstructured text, video, and audio data for training AI models.

UBS forecasts a 25% total revenue compound annual growth rate for Veritone for the 2025-2028 period. In addition to citing Veritone's opportunity in the trai

Fuente original: Yahoo Finance (https://finance.yahoo.com/technology/ai/articles/ubs-wants-know-veritone-inc-201839729.html)