Veritone initiated with a Neutral at UBS

UBS analyst Seth Gilbert initiated coverage of Veritone (VERI) with a Neutral rating and $3.50 price target Veritone shares trade at 2.5-times estimated 2025 revenue and there is limited visibility into the revenue generation of the Hiring Solutions part of the business and a slow rise to profitability, the analyst tells investors in a research note. Given the company’s recent divestiture, UBS does not model non-GAAP operating profit until Q4 of 2027.