Needham cuts target to USD 5.00 for Veritone stock

Published on 10/27/2026 at 14:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Needham cut its target from USD 10.00 to USD 5.00. Veritone stock costs EUR 0.51 on October 27, 2026, with the target as context.

Targets and reporting dates

Needham lowered its Veritone target to USD 5.00 from USD 10.00 on October 27, 2026.
Second-quarter revenue was USD 24.26 million versus USD 28.29 million consensus.
Veritone stock was trading at EUR 0.51 at 2:01 p.m. CEST at Lang & Schwarz on October 27, 2026.
Third-quarter results are estimated for November 12, 2026.

VERI, US92347M1009, Illustration mit AI erstellt.

Veritone (US92347M1009) was trading at EUR 0.51 at Lang & Schwarz on October 27, 2026, at 2:01 p.m. CEST. Needham reiterated its Buy rating and set a USD 5.00 target, down from USD 10.00, according to Investing.com on October 27, 2026.

Second-quarter revenue missed consensus

Veritone's latest reported quarter ended June 30, 2026. Revenue was USD 24.26 million against USD 28.29 million consensus, while adjusted loss per share was USD 0.24 against an expected USD 0.11 loss, Veritone reported on its investor-relations page. The company also listed USD 16.70 million in software revenue and USD 62.00 million in annual recurring revenue for the quarter.

What does the target mean?

Needham's revised target still sits well above the euro quote, but its October 27 note also pointed to cash use and delayed revenue as risks. The firm cited partnerships involving Getac and Mission RT as part of Veritone's public-safety strategy, according to Investing.com.

Three dated company steps

On October 1, 2026, Veritone announced a USD 15.00 million registered direct offering covering 20,000,000 shares, with proceeds intended partly for convertible debt, according to Veritone. On October 20, 2026, it launched Career Sites within Broadbean, while its latest quarterly update listed 2,829 software products and services customers, as reported by Markets Insider and Veritone. The October 27 target revision is the latest of the three steps.

Next reporting dates

MarketBeat lists November 12, 2026 as the estimated date for Veritone's third-quarter results and November 5, 2026 at 5:00 p.m. ET for the related conference call, according to MarketBeat. The estimates put third-quarter revenue at USD 25.82 million and adjusted earnings per share at a loss of USD 0.08.

Euro quote and company profile

Veritone was trading at EUR 0.51 at Lang & Schwarz on October 27, 2026, at 2:01 p.m. CEST. The company is listed on the NASDAQ under VERI and develops enterprise artificial intelligence software and services.

The further course of trading is shown by the continuously updated real-time quote of Veritone stock.