Verisign (VRSN) has not only caught the eye of Warren Buffett, but his firm, Berkshire Hathaway, remains a significant stakeholder lending immense support to the share. Buffet's extensive investment into the company signals strong faith in its direction and potential. Various
asset management firms and banks including Swedbank, KBC Group NV, Birch Capital Management, and Gateway Investment Advisers have increased their stakes, commenting positively on Verisign's growth. Citigroup maintains a buy rating on Verisign, adjusting the price target upwards to $246 from $238.
The expectation of near-term earnings announcement contributes to the bullish momentum. The company's stock hit a 52-week high on back of steady growth and high sentiments surrounding their
domain monopoly. There is a buzz about Verisign's direction change, fuelled by strong financial performance, yet some concerns about potential risks remain. Recent renewals of agreements with ICANN and positive performance of domain name stocks are also boosting the confidence of investors. Despite a checkered history, such as investors witnessing 19% loss three years ago, analysts affirm the
current investment attractiveness of Verisign.
Verisign VRSN News Analytics from Fri, 24 May 2024 07:00:00 GMT to Sat, 01 Feb 2025 10:31:56 GMT -
Rating 7
- Innovation 5
- Information 4
- Rumor -4
