Citi analyst Ygal Arounian lowered the firm’s price target on VeriSign to $249 from $252 and keeps a Buy rating on the shares ahead of the Q2 report. The analyst slightly reduced Q2 and fiscal 2023-2024 estimates saying domain name growth has trended below expectations. With .com and .net top-level domains declining sequentially and still seeing muted year-over-year growth, domain growth is not yet returning to normalized levels, the analyst tells investors in a research note.
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