Baird Downgrades VeriSign to Neutral, Lowers Price Target to $245
Portfolio Pulse from richadhand@benzinga.com
Baird analyst Rob Oliver has downgraded VeriSign (NASDAQ:VRSN) from Outperform to Neutral and lowered the price target from $265 to $245.
July 11, 2023 | 9:24 am
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NEGATIVE IMPACT
VeriSign's rating has been downgraded from Outperform to Neutral by Baird, with a lowered price target from $265 to $245.
The downgrade from Baird indicates a less optimistic outlook for VeriSign, which could negatively impact investor sentiment and potentially lead to a decrease in the stock's price. The lowered price target also suggests that Baird sees less upside potential for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100