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2019-01-09 16:40:57
VERI
Veritone
$4.50
-0.23 (-4.86%)
16:40
01/09/19
01/09
16:40
01/09/19
16:40
Veritone up 17.5% after raising Q4 revenue outlook
VERIVeritone
$4.50
-0.23 (-4.86%)
11/13/18
11/13/18 UPGRADE
On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Veritone (VERI) upgraded to Neutral from Sell at B. Riley FBR with analyst Sameet Sinha citing the company's better than expected Q3 results and increased business visibility for the upgrade to Neutral. 2. Nvidia (NVDA) upgraded to Positive from Neutral at Susquehanna while Xilinx (XLNX) was upgraded to Positive from Neutral. 3. Koppers Holdings (KOP) upgraded to Buy from Neutral at Monness Crespi. 4. Southwestern Energy (SWN) upgraded to Neutral from Underperform at BofA/Merrill with analyst Doug Leggate saying U.S. natural gas prices have lifted by 50c in the past 3 weeks and $1 since September as cold weather forecasts have been updated. 5. SailPoint (SAIL) upgraded to Buy from Neutral at Goldman Sachs. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/14/18
CHLM
11/14/18 NO CHANGETarget $14 CHLM Buy
Veritone price target lowered to $14 from $22 at Craig-Hallum
Craig-Hallum analyst Chad Bennett lowered his price target for Veritone to $14 from $22, while reiterating a Buy rating on the shares. The analyst notes that the stock is currently near all-time lows, but believes further execution on revenue growth and EBITDA improvement should provide meaningful upside to investors from current levels.
12/11/18
ROTH
12/11/18 NO CHANGETarget $15 ROTH Buy
Likeliness of Apis acquiring Veritone low for now, says Roth Capital
Roth Capital analyst Darren Aftahi notes that Apis Capital's PE group submitted an offer to take Veritone private in an all-cash deal for about $10.26/share. It appears Veritone has been hesitant to negotiate with Apis, which suggests the likeliness of a transaction is low, he contends. The analyst continues to look for expansion of Veritone's platform in new product use cases and cash burn mitigation as catalysts to drive shares higher. Aftahi reiterates a Buy rating and $15 price target on the stock.
12/21/18
DADA
12/21/18 NO CHANGETarget $12 DADA Buy
Veritone likely to trade a bit lower on Apis pulling bid, says DA Davidson
DA Davidson analyst Thomas Diffely believes Veritone shares will likely trade a bit lower on news that Apis Capital Management has withdrawn its offer to acquire the company for $10.26 per share, but he also believes the recent decline in stock price and significant discount versus the offer price show there was already "plenty of deal skepticism." He continues to value Veritone as an independent company and keeps a Buy rating and $12 price target on the stock based on future earnings potential, Diffely said.