5 Best Tech Stocks with Huge Upside Potential

3. Veritone, Inc. (NASDAQ:VERI)

On June 2, 2026, Veritone, Inc. (NASDAQ:VERI) announced a new grant assistance program with Police1, an online law enforcement resource and training portal owned by Lexipol. The program is aimed at helping law enforcement agencies, police departments, and public safety organizations navigate the grants process for advanced investigation technology. Jon Gacek, General Manager of Veritone Public Sector, said securing budget remains “a significant hurdle” for many departments.

On June 1, 2026, UBS assumed coverage of Veritone, Inc. (NASDAQ:VERI) with a Neutral rating and a $2.50 price target, down from $6. UBS described Veritone as an AI software provider that helps organizations extract intelligence and value from unstructured data. The firm said it wants to monitor the company’s path to profitability, given the difficulty of forecasting the timing of Veritone Data Refinery deals.

Last month, Veritone, Inc. (NASDAQ:VERI) reported Q1 revenue of $20.3M, versus estimates of $25.54M. Adjusted net income was ($11.9M), up 6.8% year-over-year. President and CEO Ryan Steelberg said the company accelerated commercialization of Veritone Data Refinery, expanded public sector adoption, and strengthened its AI platform. Steelberg also cited restructuring and AI initiatives that support Veritone’s forecasted operating profitability as early as Q4 2026.

Veritone, Inc. (NASDAQ:VERI) provides artificial intelligence computing solutions and services across the United States, the United Kingdom, France, Australia, Israel, and India.