Core Insights - The article discusses the 13 best AI stocks to buy under $20, highlighting the significant role of artificial intelligence in investment strategies over the past two years, contributing to record highs in the equity market [1] - Concerns about an AI bubble are rising, with experts suggesting the need for diversification into stocks trading at discounted valuations [3][4] - A Bank of America survey indicates that a third of fund managers view the AI bubble as a major risk, yet this has not significantly dampened overall positive market sentiment [4][5] Industry Overview - The AI sector has been a driving force behind the recent equity market rally, with major tech companies significantly influencing the S&P 500 index [1] - The AI boom has led to historical highs in stock valuations, prompting investors to reconsider their strategies [2] - The concept of a "rational bubble" has been introduced, suggesting that while there are opportunities, only a few companies will emerge as winners [3] Company Insights - **Veritone Inc. (NASDAQ:VERI)**: - Current share price is $6.14, with a 180% increase over the past six months [9] - Analysts at Needham initiated coverage with a 'Buy' rating and a $10 price target, expecting continued outperformance driven by growth in its aiWARE platform and other market opportunities [10][11][12] - **Spectral AI Inc. (NASDAQ:MDAI)**: - Current share price is $2.22, with 7 hedge fund holders [13] - The company announced a $7.6 million offering to support the expansion of its DeepView System, which is aimed at enhancing clinical indications and preparing for commercial readiness in 2026 [13][14][15] - Spectral AI utilizes AI and multispectral imaging for medical diagnostics, particularly in assessing wound healing potential [16]

Veritone Inc. (NASDAQ:VERI) is one of the hot tech stocks to buy according to Wall Street analysts. On October 20, H.C. Wainwright raised the firm’s price target on Veritone to $9 from $6 and maintained a Buy rating on the shares. The analyst at H.C. Wainwright informed investors that the ramp of the company’s VDR (Veritone Data Repository) bookings is currently ahead of expectations. The firm also noted that Veritone’s VDR solution is being deployed across a growing list of hyperscalers and venture-backe ...

Shares of Veritone (NASDAQ:VERI) rose about 2% on Thursday after Needham began coverage of the AI operating system provider with a Buy rating and a $10 price target. Analysts led by Joshua Reilly said they initiated coverage of Veritone with a ...

Core Viewpoint - Veritone, Inc. (VERI) shows potential for significant upside, with a mean price target of $10.75 indicating an 80.1% increase from the current price of $5.97 [1] Price Targets and Estimates - The mean estimate consists of four short-term price targets with a standard deviation of $9.81, indicating variability among analysts [2] - The lowest estimate is $3.00, suggesting a potential decline of 49.8%, while the highest estimate is $25.00, indicating a potential increase of 318.8% [2] - A low standard deviation among price targets suggests a high degree of agreement among analysts regarding the stock's price movement [9] Earnings Estimates and Analyst Consensus - Analysts have shown increasing optimism about VERI's earnings prospects, with a strong consensus in revising EPS estimates higher [11] - Over the last 30 days, one estimate has increased, leading to a 1.4% rise in the Zacks Consensus Estimate [12] - VERI holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [13] Caution on Price Targets - While price targets are often sought after, they can mislead investors, as empirical research shows they rarely indicate actual stock price movements [7][10] - Analysts may set overly optimistic price targets due to business incentives, which can inflate expectations [8]

Veritone Conference Call Summary Company Overview - **Company**: Veritone (NasdaqGM:VERI) - **Founded**: 2014 by two serial entrepreneur brothers - **Employees**: Over 400 - **Global Presence**: Offices in the U.S., UK, Germany, France, Australia, India, and Israel - **Customers**: Approximately 3,000 - **Public Listing**: Went public in 2017 - **Core Business**: AI-driven platform for processing unstructured data, known as aiWARE [3][4][7] Industry Insights - **AI Sector**: Veritone operates within the AI space, focusing on unstructured data processing, which includes video, audio, text, and images [3][4] - **Market Growth**: The market for AI-driven data processing is projected to grow from $3 billion to $17 billion by 2032 [12] Financial Performance - **Recent Revenue**: $24 million in the last quarter, flat year-over-year; however, core software revenue grew over 45% year-over-year [13][14] - **Projected Growth**: Anticipated growth of 30% in the upcoming quarter [13] - **Annual Revenue Projection**: Expected to be between $108 million and $115 million for the year, up from $92 million last year [17] - **Gross Margins**: North of 60%, with a focus on cost management [18] - **Annual Recurring Revenue (ARR)**: Over $62 million, indicating strong customer retention [14][15] Product and Service Offerings - **aiWARE Platform**: Features over 850 unique AI models and 26 levels of cognition, capable of processing vast amounts of unstructured data [5][6] - **Key Applications**: - Assists ESPN in programming SportsCenter and managing content [8] - Provides services for NCAA digital content monetization [9] - Supports public safety initiatives for law enforcement and the Department of Defense [10][11] - **New Product Launch**: Veritone Data Refinery (VDR) launched to digitize and index large volumes of content for training AI models [11][12] Strategic Initiatives - **Loyalty Programs**: Engaging with sororities and universities to drive product sales and enhance customer loyalty [1][2] - **Debt Management**: Plans to use recent capital raises to improve liquidity and pay down debt [16][27] - **Market Positioning**: Competes with companies like Palantir and Axon, focusing more on the commercial sector while growing in the public sector [24] Risks and Challenges - **Legal Concerns**: Addressing privacy and copyright issues as the company navigates the complexities of AI and data usage [18] - **Market Competition**: Competing against larger firms in the AI space while maintaining a focus on core competencies [24] Additional Notes - **Customer Engagement**: High customer retention rates in the high 90th percentile, indicating strong product satisfaction [15] - **Future Outlook**: Anticipation of significant growth in the upcoming quarters, with a focus on expanding the software business [23]

Company Overview - Veritone, Inc. (VERI) shares increased by 53.7% to close at $8.39, driven by significant trading volume and a 46.4% gain over the past four weeks [1] - The stock's surge is attributed to major AI data contract wins, strong preliminary third-quarter results, and renewed investor confidence in its role within the AI data ecosystem [1] Financial Performance - The company is expected to report a quarterly loss of $0.11 per share, reflecting a year-over-year change of +42.1% [2] - Revenues are anticipated to reach $28.45 million, marking a 29.4% increase from the same quarter last year [2] Earnings Estimates - The consensus EPS estimate for Veritone has remained unchanged over the last 30 days, indicating that stock price movements may not continue without trends in earnings estimate revisions [3] - Veritone currently holds a Zacks Rank of 3 (Hold), suggesting a neutral outlook [3] Industry Comparison - Veritone is part of the Zacks Technology Services industry, where another company, Viant Technology (DSP), finished the last trading session slightly higher at $8.44 but has seen a -8.5% return over the past month [3] - Viant's consensus EPS estimate for the upcoming report has also remained unchanged at $0.15, with no year-over-year change [4]

Core Insights - Veritone has announced a significant hyperscaler contract for its Data Refinery platform, which is expected to redefine its future and potentially lead to a surge in VERI stock [1] - The company is experiencing strong revenue growth alongside increasing demand for AI, positioning it as a potential top AI growth play for 2025 [1] Company Summary - The new hyperscaler contract is seen as a game-changing development for Veritone, indicating a strategic shift that could enhance its market position [1] - With the current trajectory of revenue growth and AI demand, Veritone's path to profitability may accelerate more quickly than previously anticipated [1]

[Veritone Announces VDR Contract Wins and Updates Q3 Financial Outlook](index=1&type=section&id=Veritone%20Announces%20VDR%20Contract%20Wins%20with%20Leading%20Hyperscalers%20and%20Updates%20Q3%20Financial%20Outlook) Veritone announces significant VDR contract wins and provides an updated preliminary financial outlook for Q3 2025 [Veritone Data Refinery (VDR) Business Update](index=1&type=section&id=Veritone%20Data%20Refinery%20(VDR)%20Business%20Update) Veritone secured significant VDR contracts with hyperscalers and model developers, doubling its pipeline and bookings to nearly $40 million since August 2025 - Veritone's VDR solution transforms proprietary, unstructured data into actionable, license-ready intelligence for AI development with hyperscalers and model developers[1](index=1&type=chunk)[2](index=2&type=chunk) - Rapid AI infrastructure build-out drives **surge in demand for high-quality unstructured training data**, creating significant economic value[3](index=3&type=chunk)[4](index=4&type=chunk) - Veritone targets formalizing partnerships with nearly every major hyperscaler by **end of 2025**, solidifying its role in the unstructured training data ecosystem[5](index=5&type=chunk) VDR Pipeline and Bookings Growth | Metric | Value | | :----- | :---- | | Near-time VDR pipeline and recent bookings | Nearly $40 million | | Change from August 2025 | 100% increase | [Preliminary Q3 2025 Financial Outlook](index=1&type=section&id=Preliminary%2C%20Unaudited%20Results%20for%20Q3%202025) Veritone projects preliminary Q3 2025 revenue between $28.5M-$28.7M, a 30.5% increase, and a Non-GAAP Net Loss of $5.5M-$6.0M, a 48.2% increase, subject to audit - Q3 2025 financial results are preliminary, unaudited estimates and are subject to change until the Company's Form 10-Q filing[6](index=6&type=chunk) Preliminary Q3 2025 Financial Estimates | Metric | Q3 2025 Estimate (in millions) | YoY Change (midpoint) | | :----- | :----------------------------- | :-------------------- | | Revenue | $28.5 - $28.7 | +30.5% (from Q3 2024) | | Non-GAAP Net Loss | $5.5 - $6.0 | +48.2% (from Q3 2024) | [Q3 2025 Earnings Conference Call](index=2&type=section&id=Q3%202025%20Earnings) Veritone will host a conference call to discuss its Q3 2025 results and provide a business update [Conference Call Details](index=2&type=section&id=Conference%20Call%20Details) Veritone will host a conference call on November 6, 2025, at 5:00 p.m. ET to discuss Q3 2025 results and provide a business update - Veritone will hold a conference call on **Thursday, November 6, 2025, at 5:00 p.m. Eastern Time** to discuss Q3 2025 results and provide a business update[8](index=8&type=chunk) [Supplemental Non-GAAP Financial Information](index=2&type=section&id=About%20the%20Presentation%20of%20Supplemental%20Non-GAAP%20Financial%20Information) This section explains the company's use of non-GAAP financial measures and provides a reconciliation to GAAP results [Explanation of Non-GAAP Measures](index=2&type=section&id=Explanation%20of%20Non-GAAP%20Measures) Veritone uses non-GAAP net loss, adjusted from GAAP net loss by excluding specific items, as a supplemental performance measure for internal and external evaluation, not as a replacement for GAAP results - Non-GAAP net loss excludes items such as discontinued operations, interest expense, income taxes, depreciation, stock-based compensation, and acquisition costs from GAAP net loss[10](index=10&type=chunk) - Management utilizes non-GAAP net loss for **forecasting, budgeting, and annual bonus compensation**, believing it enhances consistency and comparability by excluding non-operating items[12](index=12&type=chunk) - Non-GAAP financial measures are not GAAP-compliant and should not be considered an alternative to GAAP net income (loss) or cash flow from operating activities[11](index=11&type=chunk)[12](index=12&type=chunk) [Reconciliation of Expected Non-GAAP Net Loss to GAAP Net Loss](index=5&type=section&id=Reconciliation%20of%20Expected%20Non-GAAP%20Net%20Loss%20Range%20to%20Expected%20GAAP%20Net%20Loss%20Range%20(unaudited)) A detailed reconciliation table outlines adjustments made to convert expected GAAP Net Loss to expected Non-GAAP Net Loss for the three and nine months ended September 30, 2025 Reconciliation of Expected Non-GAAP Net Loss to GAAP Net Loss | Item | Three Months Ended Sep 30, 2025 (in millions) | Nine Months Ended Sep 30, 2025 (in millions) | | :-------------------------------- | :-------------------------------------------- | :------------------------------------------- | | Net loss (GAAP) | $(29.3) to $(19.3) | $(76.0) to $(66.0) | | Interest expense, net | $2.9 | $9.0 | | Income taxes | $1.0 to $— | $1.6 to $0.6 | | Depreciation and amortization | $7.4 | $21.5 | | Stock-based compensation expense | $1.6 | $5.1 | | Change in fair value of earnout receivable | $8.0 to $— | $7.2 to $(0.8) | | Contingent purchase compensation expense | $0.1 | $0.3 | | Foreign currency impact and other | $0.1 | $(0.1) | | Acquisition and due diligence costs | $— | $0.9 | | Severance and executive transition costs | $0.2 | $1.7 | | Other non-recurring items | $2.0 to $1.5 | $3.0 to $2.5 | | **Non-GAAP net loss** | **$(6.0) to $(5.5)** | **$(25.8) to $(25.3)** | [Corporate Information](index=2&type=section&id=Corporate%20Information) This section provides an overview of Veritone, its safe harbor statement, and investor contact details [About Veritone](index=2&type=section&id=About%20Veritone) Veritone (NASDAQ: VERI) delivers human-centered enterprise AI solutions across media, public sector, and talent acquisition, leveraging its aiWARE™ platform for actionable intelligence - Veritone (NASDAQ: VERI) develops human-centered enterprise AI solutions, serving customers in media, entertainment, public sector, and talent acquisition industries[13](index=13&type=chunk) - The company's aiWARE™ platform orchestrates machine learning models to transform data into actionable intelligence, enhancing efficiency and accelerating decision-making[13](index=13&type=chunk) [Safe Harbor Statement](index=3&type=section&id=Safe%20Harbor%20Statement) This statement outlines forward-looking statements for Q3 2025 financial outlook and VDR performance, detailing risk factors that could cause actual results to differ - The news release contains forward-looking statements concerning **Q3 2025 revenue and non-GAAP net loss**, VDR solution performance, customer acquisition, and expected partnerships by year-end 2025[14](index=14&type=chunk) - Actual results may differ materially due to factors including finalization of results, debt servicing, AI market acceptance, capital needs, customer reliance, and macroeconomic/geopolitical impacts[14](index=14&type=chunk) [Contacts](index=3&type=section&id=Contacts) Investor contact information is provided for Veritone's CFO, Mike Zemetra, and Investor Relations representative, Cate Goldsmith - Investor inquiries can be directed to **Mike Zemetra, CFO**, or **Cate Goldsmith of Prosek Partners**[15](index=15&type=chunk)

Core Insights - Veritone, Inc. (NASDAQ: VERI) is expected to be a prominent topic in discussions regarding AI stocks due to recent major contracts with hyperscalers for its Veritone Data Refinery (VDR) platform [1] - The company has raised its revenue outlook for the third quarter, indicating positive growth expectations [1] Company Developments - Veritone has secured significant contracts with major hyperscalers, enhancing its market position in the AI sector [1] - The upward revision of the third-quarter revenue outlook suggests strong performance and potential for future growth [1] Industry Context - The developments surrounding Veritone reflect broader trends in the AI industry, where partnerships with large tech companies are becoming increasingly important for growth [1]

Core Insights - U.S. stocks experienced an upward trend, with the Dow Jones index increasing by approximately 300 points on Wednesday [1] - Morgan Stanley reported better-than-expected third-quarter financial results, with earnings per share of $4.08, surpassing the analyst consensus estimate of $3.96 [1] - The company's quarterly sales reached $1.147 billion, reflecting a year-over-year increase of 6.2%, exceeding the expected $1.137 billion [1] Company Performance - Morgan Stanley shares rose by 6.8% to $165.90 on Wednesday following the positive earnings report [2] - Veritone, Inc. saw a significant increase in shares, jumping 67% to $9.13 after announcing new VDR contract wins and updating its Q3 financial outlook [4] - Other notable stock gains included Sana Biotechnology, Inc. (+26.8% to $5.64), T1 Energy Inc. (+26% to $5.04), and Bitdeer Technologies Group (+24.6% to $25.08) [4] Market Reactions - Bunge Global SA's shares increased by 12.7% to $92.85 after President Trump indicated the U.S. might terminate business with China related to cooking oil [4] - Bank of America Corporation's stock rose by 5.2% to $52.67 following positive third-quarter results [4]