Fintel reports that on December 9, 2024, Baird upgraded their outlook for VeriSign (NasdaqGS:VRSN) from Neutral to Outperform.
Analyst Price Forecast Suggests 7.81% Upside
As of December 2, 2024, the average one-year price target for VeriSign is $206.08/share. The forecasts range from a low of $198.07 to a high of $220.50. The average price target represents an increase of 7.81% from its latest reported closing price of $191.14 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for VeriSign is 1,680MM, an increase of 8.92%. The projected annual non-GAAP EPS is 8.11.
What is the Fund Sentiment?
There are 1,354 funds or institutions reporting positions in VeriSign. This is unchanged over the last quarter. Average portfolio weight of all funds dedicated to VRSN is 0.19%, an increase of 4.64%. Total shares owned by institutions decreased in the last three months by 0.36% to 99,241K shares. 
The put/call ratio of VRSN is 2.50, indicating a bearish outlook.
What are Other Shareholders Doing?
Berkshire Hathaway holds 12,816K shares representing 13.34% ownership of the company. No change in the last quarter.
Ninety One UK holds 3,929K shares representing 4.09% ownership of the company. In its prior filing, the firm reported owning 4,004K shares , representing a decrease of 1.89%. The firm increased its portfolio allocation in VRSN by 1.35% over the last quarter.
Renaissance Technologies holds 3,176K shares representing 3.30% ownership of the company. In its prior filing, the firm reported owning 3,028K shares , representing an increase of 4.67%. The firm decreased its portfolio allocation in VRSN by 0.63% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 2,617K shares representing 2.72% ownership of the company. In its prior filing, the firm reported owning 2,674K shares , representing a decrease of 2.19%. The firm decreased its portfolio allocation in VRSN by 1.80% over the last quarter.
Geode Capital Management holds 2,270K shares representing 2.36% ownership of the company. In its prior filing, the firm reported owning 2,491K shares , representing a decrease of 9.73%. The firm decreased its portfolio allocation in VRSN by 53.02% over the last quarter.
Verisign Background Information
(This description is provided by the company.)
Verisign, a global provider of domain name registry services and internet infrastructure, enables internet navigation for many of the world's most recognized domain names. Verisign enables the security, stability and resiliency of key internet infrastructure and services, including providing root zone maintainer services, operating two of the 13 global internet root servers and providing registration services and authoritative resolution for the .com and .net top-level domains, which support the majority of global e-commerce.
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This story originally appeared on Fintel.
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