Citigroup Maintains Buy Rating for VeriSign: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Citigroup has maintained its Buy rating for VeriSign (NASDAQ:VRSN) but lowered its price target from $252.00 to $249.00. VeriSign's shares are currently trading down 0.48% at $212.87 per share. A move to $249.00 would represent a 16.97% increase from the current share price.
July 24, 2023 | 5:00 pm
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Citigroup has maintained its Buy rating for VeriSign but lowered its price target. This could potentially lead to a short-term decrease in VeriSign's stock price.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. In this case, while Citigroup has maintained its Buy rating for VeriSign, it has lowered its price target. This could be interpreted by investors as a sign of decreased confidence in the stock's performance, potentially leading to a short-term decrease in VeriSign's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100