Robert W. Baird Increases VeriSign Price Target to $52.00 (VRSN)
Investment analysts at Robert W. Baird boosted their price target on shares of VeriSign (NASDAQ:VRSN) from $47.00 to $52.00 in a note issued to investors on Friday, StockRatingsNetwork.com reports. The firm currently has a “neutral” rating on the stock. Robert W. Baird’s price target indicates a potential upside of 1.60% from the stock’s previous close.
A number of other analysts have also recently weighed in on VRSN. Analysts at Zacks reiterated a “neutral” rating on shares of VeriSign (NASDAQ:VRSN) in a research note to investors on Thursday, September 19th. They now have a $54.00 price target on the stock. Separately, analysts at Thomson Reuters/Verus upgraded shares of VeriSign (NASDAQ:VRSN) from a “hold” rating to a “buy” rating in a research note to investors on Monday, September 9th. Finally, analysts at B. Riley upgraded shares of VeriSign (NASDAQ:VRSN) from a “neutral” rating to a “buy” rating in a research note to investors on Friday, July 26th. They now have a $58.00 price target on the stock, up previously from $50.00. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $49.95.
Shares of VeriSign (NASDAQ:VRSN) traded down 1.06% on Friday, hitting $51.18. 700,654 shares of the company’s stock traded hands. VeriSign has a 1-year low of $32.81 and a 1-year high of $52.13. The stock’s 50-day moving average is $49.59 and its 200-day moving average is $47.14. The company has a market cap of $7.348 billion and a price-to-earnings ratio of 23.58.
VeriSign (NASDAQ:VRSN) last released its earnings data on Thursday, July 25th. The company reported $0.58 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.55 by $0.03. The company had revenue of $239.00 million for the quarter, compared to the consensus estimate of $237.14 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. The company’s quarterly revenue was up 11.8% on a year-over-year basis.
VeriSign, Inc (NASDAQ:VRSN) is a provider of Internet infrastructure services.
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