Recommendation: Speculative Buy
| Entry Date | Symbol | Recommendation | Entry Price (USD) | Target 1 (USD) | Target 2 (USD) | Holding Duration | Position Status | Return(%)* |
|---|---|---|---|---|---|---|---|---|
| 25 Jun, 25 | VERI | Speculative Buy | USD 1.42 | USD 1.55 | USD 1.66 | 4 days | Closed |
11.27%
|
*Return(%) represent the percentage change between the entry price and exit price of the recommendation.
Data Powered by EOD Historical Data (“EODHD”).
Veritone, Inc., together with its subsidiaries, engages in the provision of artificial intelligence (AI) computing solutions and services in the United States, the United Kingdom, France, Australia, Israel, and India. It develops and operates aiWARE platform, an AI operating system, that uses machine learning algorithms or AI models designed to mimic human cognitive functions, such as perception, prediction, and problem solving and optimization, as well as enables users to transform unstructured data into structured data, analyze and optimize data to drive business processes and insights. The company offers cloud-native digital content management solutions; software products and services to commercial enterprise and public sector customers; and managed services. It serves media and entertainment, government, legal and compliance, energy, and other vertical markets. The company was formerly known as Veritone Delaware, Inc. and changed its name to Veritone, Inc. in July 2014. Veritone, Inc. was incorporated in 2014 and is headquartered in Denver, Colorado.
USD 20.3 Million Capital Raise Completed: The company raised USD 20.3 million through a registered direct offering, improving liquidity for debt repayment and operational flexibility.
Growth in Total New Bookings: Q1 2025 new bookings rose to USD 15.8 million, up from approximately USD 13 million in Q1 2024
Decline in GAAP Gross Profit: GAAP gross profit fell by 16% to USD 13.7 million, down USD 2.6 million from the prior year, reflecting reduced profitability.
Revenue Decline: Q1 2025 revenue decreased by 7% to USD 22.5 million, down from USD 24.2 million in Q1 2024
Veritone’s reliance on emerging product adoption (e.g., VDR), persistent operating losses, and reduced gross margins present significant execution and financial sustainability risks
| Entry Price | Support* | Target 1 | Target 2 |
|---|---|---|---|
| 1.42 | 1.26 | 1.55 | 1.66 |
Data Source: REFINITIV, Analysis: StockNextt
*Support can be considered as an indicative stop-loss, and if prices move below that level on closing basis individuals may evaluate exiting the position depending on their risk appetite, previous holdings, and other factors considered. The support and resistance levels may need to be re-evaluated within 4-6 weeks’ time frame depending on the stock price movements from the date of recommendation on the stock.
VERI’s share price maintained its position at key support levels and gradually moved higher, suggesting a potential short-term upward trend. Additionally, technical indicators remain optimistic, with the 14-period RSI staying above the midpoint and the stock nearing the recovery of its 21-day Simple Moving Average, which further reinforces a positive outlook.
As per the above-mentioned price action, recent key business and financial updates, momentum in the stock over the last month, and technical indicators analysis, a ‘Speculative Buy’ rating has been given to Veritone, Inc. (NASDAQ:VERI) at its current market price of USD 1.42 as of June 24, 2025 (6:35 am PDT).
Data Powered by EOD Historical Data (“EODHD”).
Sector: Technology Industry: Software - Infrastructure
| Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| VERI Veritone Inc |
0.07 4.93% | 1.49 | - | 44.64 | 0.92 | 5.65 | 2.05 | -7.593 |
| MSFT Microsoft Corporation |
7.75 1.58% | 498.84 | 37.32 | 29.94 | 13.03 | 12.45 | 13.06 | 24.59 |
| ORCL Oracle Corporation |
7.34 3.19% | 237.32 | 29.34 | 18.66 | 5.55 | 74.06 | 7.10 | 18.13 |
| ADBE Adobe Systems Incorporated |
0.84 0.22% | 379.31 | 46.32 | 26.81 | 11.51 | 16.73 | 11.55 | 31.20 |
| PANW Palo Alto Networks Inc |
4.85 2.46% | 201.82 | 44.57 | 45.05 | 11.98 | 20.70 | 11.82 | 77.11 |
Data Powered by EOD Historical Data (“EODHD”).
Markets are trading in a highly volatile zone currently due to certain macro-economic issues and prevailing geopolitical tensions. Therefore, it is prudent to follow a cautious approach while investing.
Related Risk: This report may be looked at from a high-risk perspective and a recommendation is provided for a short duration. This report is solely based on technical parameters, and the fundamental performance of the stocks has not been considered in the decision-making process. Other factors which could impact the stock prices include market risks, regulatory risks, interest rates risks, currency risks, social and political instability risks etc.
Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
Target: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Target 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Target 2 may act as the crucial resistance level for the stock.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.
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