Analysts have adjusted their Veritone price target to $6.00, with the change reflecting updated views on revenue growth, profit margins, and an expected P/E of about 39x.
What's in the News
- Veritone is partnering with Strategic Communications to make its Intelligent Digital Evidence Management System part of the JPS TRUST public safety and justice solution. This gives agencies a CJIS compliant platform to manage and share digital evidence across cloud and hybrid environments. (Key Developments)
- The company is deploying its aiWARE platform and iDEMS applications on self hosted private AWS and Azure tenants, which is intended to let public safety and law enforcement agencies run Veritone tools within their own secure environments. (Key Developments)
- Veritone and Armada announced a partnership combining Armada Edge Platform and Veritone aiWARE into an Edge to Enterprise Data Fabric designed to process audio, video, drone, and sensor data in the field and convert it into searchable and monetizable digital assets. (Key Developments)
- The collaboration with Armada is also tied to Veritone's VDR, or Veritone Data Refinery, strategy, with a focus on turning high value media and sensor inputs into AI ready data tokens for long term discovery and potential licensing. (Key Developments)
Valuation Changes
- Fair Value: Model fair value remains unchanged at $6.0 per share.
- Discount Rate: The discount rate has risen slightly from 9.16% to 9.57%, indicating a modestly higher required return in the updated assumptions.
- Revenue Growth: Assumed long term revenue growth has risen meaningfully from 17.83% to 27.00%.
- Net Profit Margin: Assumed net profit margin has edged lower from 12.75% to 11.39%.
- Future P/E: The assumed future P/E multiple has fallen from about 42.76x to 38.65x.
Have other thoughts on Veritone?
Create your own narrative on this stock, and estimate its Fair Value using our Valuator tool.
Create NarrativeDisclaimer
AnalystLowTarget is a tool utilizing a Large Language Model (LLM) that ingests data on consensus price targets, forecasted revenue and earnings figures, as well as the transcripts of earnings calls to produce qualitative analysis. The narratives produced by AnalystLowTarget are general in nature and are based solely on analyst data and publicly-available material published by the respective companies. These scenarios are not indicative of the company's future performance and are exploratory in nature. Simply Wall St has no position in the company(s) mentioned. Simply Wall St may provide the securities issuer or related entities with website advertising services for a fee, on an arm's length basis. These relationships have no impact on the way we conduct our business, the content we host, or how our content is served to users. The price targets and estimates used are consensus data, and do not constitute a recommendation to buy or sell any stock, and they do not take account of your objectives, or your financial situation. Note that AnalystLowTarget's analysis may not factor in the latest price-sensitive company announcements or qualitative material.