Roth MKM Downgrades Veritone to Neutral, Lowers Price Target to $3
Portfolio Pulse from richadhand@benzinga.com
Roth MKM analyst Darren Aftahi downgraded Veritone (NASDAQ:VERI) from Buy to Neutral and lowered the price target from $8 to $3.
June 01, 2023 | 10:07 am
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NEGATIVE IMPACT
Veritone downgraded to Neutral by Roth MKM analyst Darren Aftahi, with a lowered price target of $3 from $8.
The downgrade from Buy to Neutral and the significant reduction in the price target from $8 to $3 by Roth MKM analyst Darren Aftahi indicate a less optimistic outlook for Veritone. This could negatively impact the stock price in the short term as investors may adjust their positions based on the new rating and price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100