Veritone Inc. (NASDAQ: VERI) is rated a ‘Buy’ by Needham with a $10 price target. Stock has rallied 180% in the past six months. Analysts expect continued outperformance driven by aiWARE platform growth and targeted market opportunities. Veritone develops software to transform unstructured data into actionable intelligence for various industries.

Needham also anticipates growth in AI data training market, Public Sector application sales, and aiWARE platform sales in different end markets. Veritone’s aiWARE platform orchestrates AI models to automate tasks and improve efficiency in media, entertainment, legal, and talent acquisition sectors. The company is positioned for growth in the AI industry.

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Read more at Yahoo Finance: Needham Initiates ‘Buy’ Rating on Veritone Inc. (VERI) with a $10 Price Target