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Veritone, Inc. (VERI) provides artificial intelligence (AI) and computing solutions in the United States and the United Kingdom.
It develops and operates aiWARE platform, an AI operating system that integrates and orchestrates a range of cognitive engines to reveal multivariate insights from structured and unstructured data, as well as to conduct cognitive workflows based on these insights.
The company also provides media advertising agency services, including media planning and strategy, media buying and placement, campaign messaging, clearance verification and attribution, and custom analytics directly to advertisers through outbound sales networking, and client and partner referrals, as well as indirectly through advertising agencies or marketing consultants.
It serves media and entertainment, legal and compliance, and government markets. The company was formerly known as Veritone Delaware, Inc. and changed its name to Veritone, Inc. in July 2014.
The software group is one of the stronger groups in the market and within that group this stock should perform well.
Entry point: $8.00
52-week trade range: $1.22 - 9.98
Stop/Loss: $7.60
Target Price: $8.80
VERI closed at $8.85
