UPDATE: Topeka Capital Markets Raises PT to $52 on VeriSign on 2014 Forecast
Topeka Capital Markets maintained VeriSign (NASDAQ: VRSN) with a Buy rating and raised the price target from $46.00 to $52.00.
Topeka Capital Markets noted, "We reiterate our Buy rating and raise our price target to $52 (from $46) as we incorporate 2014 estimates. The recent .com agreement sets a baseline from which there is upside from new services and new domain activities, the latter beginning in 2014."
VeriSign closed at $44.61 on Monday.
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Tags: Topeka Capital Markets