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.

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

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.

While we acknowledge the potential of VERI to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than VERI and that has 100x upside potential, check out our report about this cheapest AI stock.

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