Shares of Veritone Inc (VERI) triggered a stock chart breakout alert today. The artificial intelligence company busted through a major resistance trend line over $2.45. Based on the multiple expansion in stocks with little to no growth, Veritone could have significant upside. At a market cap around $60 million, with a low float, will likely follow this stock chart breakout alert.
Based on technical levels on the stock chart, there is upside in Veritone Inc to $5.00 as first target and $7.00 as a second target. This is one of the few stock charts still near/at 52 week lows while the rest of the market has zoomed higher. Veritone has partnerships with Microsoft and other big players as they continue to push their AI software out to the world. The upside is incredible for the risk in my humble opinion.
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