D. Boral Capital Raises Veritone (VERI) PT to $26, Cites $1B Sales Potential from AI Data Refinery

Veritone Inc. (NASDAQ:VERI) is one of the best AI stocks to buy according to analysts. On September 9, D. Boral Capital analyst Jason Kolbert raised the firm’s price target on Veritone to $26 from $6, while maintaining a Buy rating on the shares. The analyst believes that the company’s potential to capture a small piece of the data refinery market can translate into $1 billion of sales over the coming decade.

Earlier, Veritone released its financial results for Q2 2025, reporting a revenue of over $24 million, which was flat compared to the same period in 2024 and met the high end of its updated guidance. This was driven by a strong performance in its software segment, with non-Veritone Hire software revenue growing over 45% year-over-year.

Revenue from the public sector grew over 90% year-over-year, and the commercial enterprise sector also showed an improvement of $0.8 million. However, the company’s Managed Services revenue declined by $1.9 million, a trend it expects to continue through 2025. Despite the revenue performance, Veritone experienced a decline in profitability. As of June 30, the company had $13.9 million in cash and restricted cash and has reduced its debt to ~$128 million from $201 million in December 2021.

Veritone Inc. (NASDAQ:VERI) provides AI computing solutions and services in the US, the UK, France, Australia, Israel, and India. It develops and operates aiWARE platform, which is an AI operating system.

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Disclosure: None. This article is originally published at Insider Monkey.