D. Boral Capital Raises Veritone (VERI) PT to $26, Cites $1B Sales Potential from AI Data Refinery

Group 1: Analyst Insights - Veritone Inc. is considered one of the best AI stocks to buy, with a price target raised to $26 from $6 by D. Boral Capital analyst Jason Kolbert, who maintains a Buy rating on the shares [1][3] - The analyst projects that Veritone's potential to capture a small share of the data refinery market could lead to $1 billion in sales over the next decade [1][3] Group 2: Financial Performance - In Q2 2025, Veritone reported revenue of over $24 million, which was flat compared to Q2 2024 and met the high end of its updated guidance [2][3] - The software segment performed strongly, with non-Veritone Hire software revenue growing over 45% year-over-year [2][3] - Revenue from the public sector grew over 90% year-over-year, while the commercial enterprise sector improved by $0.8 million [3] - Managed Services revenue declined by $1.9 million, a trend expected to continue through 2025 [3] Group 3: Financial Position - As of June 30, Veritone had $13.9 million in cash and restricted cash, and reduced its debt to approximately $128 million from $201 million in December 2021 [3] Group 4: Company Overview - Veritone Inc. provides AI computing solutions and services across multiple countries, including the US, UK, France, Australia, Israel, and India [4] - The company develops and operates the aiWARE platform, which serves as an AI operating system [4]