Key Takeaways:
- Berkshire Hathaway boosts its stake in VeriSign, affirming confidence in the company's long-term prospects.
- Despite mixed analyst opinions, VeriSign's robust domain pricing and profit margins drive investor interest.
- VeriSign shares have reached approximately $255, reflecting its steady growth trajectory.
Warren Buffett (Trades, Portfolio)'s investment powerhouse, Berkshire Hathaway, has further solidified its position in VeriSign (VRSN, Financial), now owning 14% of the company with an additional $94 million stake. While analysts express some reservations, the continuous increase in domain prices and impressive profit margins have inspired confidence among investors. This has led to shares climbing to around $255, highlighting the company's sustained growth and appeal.
Wall Street Analysts Forecast
According to projections by three analysts, the average one-year price target for VeriSign Inc (VRSN, Financial) stands at $243.70. The forecasts range from a high of $275.00 to a low of $196.11, suggesting a potential upside of 1.46% from its current price of $240.20. For more comprehensive estimate data, please refer to the VeriSign Inc (VRSN) Forecast page.
Consensus from four brokerage firms assigns VeriSign Inc (VRSN, Financial) an average recommendation of 2.3, which translates to an "Outperform" status. This rating is part of a scale from 1 to 5, where 1 indicates a Strong Buy and 5 represents a Sell.
GuruFocus estimates place the GF Value of VeriSign Inc (VRSN, Financial) at $248.28 for the upcoming year, indicating a projected upside of 3.36% from the existing price of $240.20. The GF Value represents GuruFocus' fair value estimation, computed using historical multiples, past growth, and anticipated business performance. For further detailed analysis, visit the VeriSign Inc (VRSN) Summary page.
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