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.

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

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 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.