This Is What UBS Wants You to Know About Veritone Inc (VERI) Stock

Veritone Inc (NASDAQ:VERI) is one of the best AI stocks under $10 to buy now. Veritone shares have pulled back roughly 25% over the past month, but analysts see the stock exploding almost 370% over the next 12 months. Veritone stock is backed by 19 hedge funds.

This Is What UBS Wants You to Know About Veritone Inc (VERI) Stock

On June 1, UBS launched coverage of Veritone Inc (NASDAQ:VERI) with a Neutral rating and a price target of $2.50. The brokerage remains cautiously optimistic on Veritone as it monitors the company’s path to profitability, considering the complexity of forecasting Veritone Data Refinery deals. Otherwise, UBS believes Veritone is well-positioned to scale AI solutions.

According to the firm, the Veritone Data Refinery (VDR) offering, which launched in 2024, positions the company well in a fast-growing market. The firm said Veritone can capture a portion of the training data market, which is forecast to grow to $17 billion by 2032 from $2.6 billion in 2024. VDR helps organizations transform large amounts of unstructured text, video, and audio data for training AI models.

UBS forecasts a 25% total revenue compound annual growth rate for Veritone for the 2025-2028 period. In addition to citing Veritone’s opportunity in the training data market, UBS also highlighted the company’s balance sheet flexibility.

Veritone Inc (NASDAQ:VERI) provides AI-powered software services. Its clients include government agencies, media companies, movie studios, and legal practices. Its technology helps in areas like content management and licensing, on-demand redaction for video and audio evidence, and advertising.

While we acknowledge the risk and potential of VERI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than VERI and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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