VeriSign price target lowered to $237 from $238 at Citi

Citi analyst Ygal Arounian lowered the firm’s price target on VeriSign to $237 from $238 and keeps a Buy rating on the shares. Verisign reported better Q4 revenue and operating income despite domains below guidance as continued China weakness drove a slight fiscal 2024 guidance miss, the analyst tells investors in a research note. The firm looks to the upcoming .com contract renewal as a catalyst.