VeriSign's (VRSN) stocks stumbled upon increased investor interest as
Warren Buffett's Berkshire Hathaway made significant investments in recent times, totaling more than $2.7 Billion, turning it into a 'safe bet' for investors and hinting at possible big gains ahead. Analysts foresee VeriSign as a top pick for 2025 while it recently hit a 52-week high anticipated to show strong upwards momentum.
Citigroup also gave a positive forecast for VeriSign's stock price and despite being an underperformer on S&P 500, Warren Buffett sees it as a high-margin internet registry company, potentially becoming his favorite internet stock. However, investors who put money into VeriSign three years ago might be potentially sitting at a loss of 19%. While the stock hit 52-week highs fuelled by
Buffett's Berkshire Hathaway's backing, it still faced underperformance in the market. Regardless, with the company's robust earnings growth, the prospects seem positive for the stock; even as it faces major execution risks, Wall Street remains cautiously bullish about
VeriSign's (VRSN) future.
Verisign VRSN News Analytics from Wed, 27 Mar 2024 02:31:07 GMT to Sat, 04 Jan 2025 20:34:15 GMT -
Rating 8
- Innovation 6
- Information 7
- Rumor 3
