Roth MKM Upgrades Veritone to Neutral, Lowers Price Target to $1.85
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Darren Aftahi upgraded Veritone (NASDAQ:VERI) from Sell to Neutral and reduced the price target from $2 to $1.85, indicating a more neutral stance on the company's stock but with a slightly lower expectation for its future price.

February 01, 2024 | 10:20 am
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NEUTRAL IMPACT
Veritone's stock rating was upgraded from Sell to Neutral by Roth MKM analyst Darren Aftahi, with a price target adjustment from $2 to $1.85.
The upgrade from Sell to Neutral suggests a less bearish outlook on Veritone by Roth MKM, potentially leading to a more stable short-term stock performance. However, the reduction in the price target from $2 to $1.85 indicates a slight decrease in future price expectations, which could temper any positive sentiment arising from the upgrade. The overall impact is likely neutral as the upgrade could attract some investors, but the lowered price target may also signal caution.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100