Veritone price target raised to $26 from $6 at D. Boral Capital

D. Boral Capital analyst Jason Kolbert raised the firm’s price target on Veritone (VERI) to $26 from $6 and keeps a Buy rating on the shares. The company’s potential to capture a small piece of the data refinery market can translate into $1B of sales over the coming decade, the analyst tells investors in a research note. The firm believes Veritone’s success with early proof-of- concept contracts, including U.S. Navy initiatives and law enforcement body camera programs, validates Veritone Data Refinery’s capabilities and underscores its readiness for broader market penetration.