Citigroup Maintains Buy on VeriSign, Lowers Price Target to $236
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Ygal Arounian has maintained a Buy rating on VeriSign (NASDAQ:VRSN) but lowered the price target from $237 to $236.

April 02, 2024 | 7:50 pm
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NEUTRAL IMPACT
Citigroup maintains a Buy rating on VeriSign but lowers the price target from $237 to $236.
The adjustment in price target by Citigroup reflects a slight modification in their valuation of VeriSign, likely due to updated financial analysis or market conditions. However, maintaining a Buy rating indicates a continued positive outlook on the company's performance. The minor decrease in price target is not expected to have a significant impact on the stock's short-term price movement, hence the neutral score.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90