Analyst Joshua Reilly from Needham maintained a Buy rating on Veritone and keeping the price target at $10.00.
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Joshua Reilly has given his Buy rating due to a combination of factors that highlight Veritone’s promising growth prospects. The company’s Q3/25 revenue slightly exceeded expectations, and they have raised the lower end of their FY25 revenue guidance, indicating confidence in their financial outlook despite some challenges.
A key driver for this optimism is the strong performance of Veritone’s VDR revenues, which are expected to support a significant year-over-year increase in commercial revenue for Q4/25 and continue this momentum into 2026. Additionally, Veritone is expanding its efforts in the unstructured data licensing market for LLMs, with expectations of further growth as their customer base expands in the coming year.
In another report released today, H.C. Wainwright also reiterated a Buy rating on the stock with a $9.00 price target.