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JPMorgan Raises VeriSign (VRSN) Target as Domain Trends Improve
Yahoo Finance· 2026-01-31 21:30
Group 1: Company Overview - VeriSign, Inc. (NASDAQ:VRSN) operates the core infrastructure behind the .com and .net internet domains worldwide, managing domain name registry databases to ensure reliable website connections [3] - The company has maintained its core services without downtime for nearly three decades, which is crucial for internet reliability [4] Group 2: Financial Performance and Market Trends - JPMorgan analyst Alexei Gogolev raised the price target for VeriSign to $271 from $270, citing steady improvement in the .com domain business, with the .com domain base reaching 161 million total domains as of December 31, reflecting a 3% increase from the previous year [2] - The firm expressed encouragement regarding the gradually stronger trends in the .com domain, which have been incorporated into their financial model [2] Group 3: Strategic Focus and Compliance - Trust is central to VeriSign's business, with key drivers including contract renewals, strong operational security, and the company's dominant position in its core registries [4] - Regulatory compliance is a constant focus for the company, especially as global rules evolve and cyber threats become more complex, supported by targeted spending on research and development [5]