Baird Maintains Neutral on VeriSign, Lowers Price Target to $200
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Robert Oliver maintains a Neutral rating on VeriSign (NASDAQ:VRSN) and lowers the price target from $215 to $200.

April 26, 2024 | 12:25 pm
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Baird analyst Robert Oliver maintains a Neutral rating on VeriSign and lowers the price target from $215 to $200.
The reduction in price target by Baird, a reputable financial services firm, could lead to a negative short-term sentiment among investors, potentially causing a decrease in VeriSign's stock price. The maintenance of a Neutral rating indicates no significant change in the company's fundamentals, but the lowered price target suggests a recalibration of expected performance, which could impact investor confidence and stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100