In mid-August 2017, before a remarkable surge and slide of Veritone Inc. shares seen across the following six weeks, the AI recognition company’s stock was hovering in the low-$8 range.
After bottoming out at $7.87, Veritone stock soared to $65.91 by the end of September, only to wither by early November — the last time VERI saw a close above $30.
Now, with a 1-year target estimate of $20.50, Veritone is heading in the wrong direction on Wall Street.