H.C. Wainwright Raises Veritone (VERI) PT to $9 on Strong VDR Bookings Growth

Veritone Inc. (NASDAQ:VERI) is one of the hot tech stocks to buy according to Wall Street analysts. On October 20, H.C. Wainwright raised the firm’s price target on Veritone to $9 from $6 and maintained a Buy rating on the shares.

The analyst at H.C. Wainwright informed investors that the ramp of the company’s VDR (Veritone Data Repository) bookings is currently ahead of expectations. The firm also noted that Veritone’s VDR solution is being deployed across a growing list of hyperscalers and venture-backed model developers.

Earlier on September 17, Scott Buck from H.C. Wainwright reiterated a Buy rating on Veritone, with a price target of $6.00.

Veritone Inc. (NASDAQ:VERI), together with its subsidiaries, provides AI computing solutions and services in the US, the UK, France, Australia, Israel, and India.

While we acknowledge the potential of VERI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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