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Do Analysts Agree Monday on Veritone Inc (VERI) Stock's Target Price?

Monday, October 23, 2023 09:55 AM | InvestorsObserver Analysts

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Do Analysts Agree Monday on Veritone Inc (VERI) Stock's Target Price?

Wall Street is positive on Veritone Inc (VERI). On average, analysts give VERI a Hold rating. The average price target is $5, which means analysts expect the stock to rise by 116.45% over the next twelve months. That average ranking earns VERI an Analyst Rating of 3, which is better than 3% of stocks based on data compiled by InvestorsObserver.

Overall Score - 2.7
Wall Street analysts are rating VERI a Hold today. Find out what this means to you and get the rest of the rankings on VERI!

Why are Analyst Ratings Important?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

What's Happening With Veritone Inc Stock Today?

Veritone Inc (VERI) stock is trading at $2.31 as of 9:37 AM on Monday, Oct 23, a loss of -$0.12, or -4.94% from the previous closing price of $2.43. The stock has traded between $2.29 and $2.44 so far today. Volume today is low. So far 2,807 shares have traded compared to average volume of 319,641 shares. Click Here to get the full Stock Report for Veritone Inc stock.

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