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Fly News Breaks for November 8, 2019
VERI
Nov 8, 2019 | 06:36 EDT
JMP Securities analyst Patrick Walravens lowered his price target on Veritone to $7 after its in-line Q3 results and below-consensus Q4 guidance. The analyst notes that the expected sequential decline is "disappointing", but also points to some positives in the quarter, including the signing of new aiWARE SaaS license agreements and the company's focus on cost reduction. Walravens keeps his Outperform rating on Veritone shares.
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