Veritone shares are trading lower after Roth MKM downgraded the stock from Buy to Neutral and lowered its price target from $8 to $3. Also, Stifel maintained a Hold rating on the stock and lowered its price target from $5 to $4.
Portfolio Pulse from Benzinga Newsdesk
Veritone shares are trading lower after Roth MKM downgraded the stock from Buy to Neutral and lowered its price target from $8 to $3. Stifel also maintained a Hold rating and lowered its price target from $5 to $4.
June 01, 2023 | 3:14 pm
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NEGATIVE IMPACT
Veritone's stock price is negatively impacted by Roth MKM's downgrade from Buy to Neutral and lowered price target from $8 to $3, as well as Stifel's maintained Hold rating and lowered price target from $5 to $4.
The downgrade from Roth MKM and the lowered price targets from both Roth MKM and Stifel directly impact Veritone's stock price, as these changes in analyst ratings and targets can influence investor sentiment and trading decisions, leading to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100