VeriSign price target lowered to $215 from $236 at Citi

Citi analyst Ygal Arounian lowered the firm’s price target on VeriSign to $215 from $236 and keeps a Buy rating on the shares. While the company’s Q1 revenue and operating income came in ahead of estimates, domain growth remains challenged with management lowering fiscal 2024 guidance, the analyst tells investors in a research note. However, the firm sees shares as attractive at these levels, and “material upside if trends begin to normalize.”