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Investing.com - D. Boral Capital raised its price target on Veritone (NASDAQ:VERI) to $26.00 from $6.00 on Tuesday, while maintaining a Buy rating on the artificial intelligence company’s shares. The stock, currently trading at $2.63 with a market capitalization of $145 million, appears undervalued according to InvestingPro analysis.
The significant price target increase follows D. Boral Capital’s recent meetings with Veritone management, which led the firm to revise its revenue projections upward based on the potential of the company’s VDR engine technology. InvestingPro data shows that two analysts have recently revised their earnings estimates upward for the upcoming period, though the stock has shown high price volatility with a beta of 3.06.
D. Boral Capital noted that Veritone’s early proof-of-concept contracts, including initiatives with the U.S. Navy and law enforcement body camera programs, validate the VDR Engine’s capabilities and demonstrate its readiness for broader market adoption.
The firm highlighted that Veritone’s platform is now hardware-agnostic and designed to operate across virtually any system, positioning the company to address what D. Boral describes as a multi-billion-dollar market opportunity spanning media, entertainment, public safety, and enterprise AI applications.
According to D. Boral Capital’s analysis, Veritone has the potential to capture even a small portion of its target market, which could translate to approximately one billion dollars in revenue over the next decade. Currently generating $90.9 million in revenue with a healthy gross margin of 67.79%, the company faces challenges with cash burn and significant debt obligations. For deeper insights into Veritone’s financial health and growth prospects, investors can access comprehensive analysis through InvestingPro, which offers 12 additional investment tips and detailed financial metrics.
In other recent news, Veritone Inc . reported its financial results for the second quarter of 2025, with revenue reaching $24 million, surpassing analyst forecasts of $21.91 million. However, the company experienced an earnings per share (EPS) miss, recording an EPS of -$0.54 compared to the expected -$0.18. Veritone also amended its Credit and Guaranty Agreement to adjust its minimum consolidated liquidity requirements, which will increase to $15 million starting September 13, 2025. Additionally, Veritone has formed a partnership with Newsmax to digitize a 20-year content archive using its Digital Media Hub technology. The company announced that it processed over 5 trillion tokens through its Veritone Data Refinery platform in the second quarter. D. Boral Capital has assumed coverage of Veritone stock with a Buy rating, citing confidence in the company’s growth trajectory. These developments highlight Veritone’s ongoing efforts to strengthen its financial position and expand its technological capabilities.
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