Veritone Inc. (NASDAQ:SEE) is one of the best AI stocks to buy for under $20. On October 23, analysts at Needham initiated coverage of Veritone Inc. (NASDAQ:VERI) with a “Buy” rating and a $10 price target. The buy rating comes on the heels of strong momentum, with the stock up 180% in the last six months.
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Consequently, the research firm expects the stock to continue outperforming the broader market, driven by growth in various segments while pursuing specific market opportunities. The push should be driven by the growth of aiWARE, the company’s open artificial intelligence platform that allows clients to transform unstructured data into structured business results.
Additionally, Needham expects Veritone to benefit from growth in the AI data training market, public sector application sales, and aiWARE platform sales in several end markets.
Veritone Inc. (NASDAQ:VERI) is an enterprise artificial intelligence company that develops software and services to transform unstructured data, such as audio and video, into actionable intelligence. Its core platform, aiWARE, is an AI operating system that orchestrates multiple AI models to automate tasks and improve efficiency in industries such as media and entertainment, public sector, legal, and talent acquisition.
While we recognize VERI’s potential as an investment, we believe certain AI stocks offer greater growth potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that’s also benefiting significantly from Trump-era tariffs and the offshoring trend, check out our free report on best short-term AI stock.
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Disclosure: None. This article was originally published in Internal jumpsuit.