VRSN Price Prediction Next Week
Technical Analysis: VeriSign (VRSN) shows strong bullish momentum with RSI-14 at 81.31, indicating overbought conditions. The stock is trading above all major moving averages (SMA 5, 10, 20, 60, 200), suggesting a robust uptrend.
Price Levels and Fibonacci Analysis:
- Current Price: $229.86
- Key Resistance: $233.23 (Fibonacci R2)
- Key Support: $214.72 (Fibonacci S1)
- Secondary Support: $210.35 (Fibonacci S2)
Recent News Impact:
- Berkshire Hathaway increased its stake in VeriSign during Q4 2024, demonstrating confidence from Warren Buffett's team
- CFO George E. Kilguss III announced retirement effective May 31, 2025, but will continue as advisor, suggesting a smooth transition
- Company projected FY25 revenue between $1.62B-$1.64B, slightly above consensus estimates
Price Prediction for Next Week: Based on technical indicators and recent developments:
- Bullish Target: $233.23 (70% probability)
- Bearish Target: $224.50 (30% probability)
Trading Recommendation: SELL Rationale:
- Extremely overbought RSI levels (81.31)
- Stochastic RSI at 99.28, indicating potential reversal
- Price near upper Bollinger Band ($238.41) with high Band Width (19.43)
- MACD showing weakening momentum despite positive territory
Suggested entry points for short positions:
- Primary entry: $230-231 range
- Stop loss: Above $234
- Take profit: $224.50
The stock is likely to experience a short-term pullback due to overbought conditions, despite strong fundamentals and institutional support.
VRSN Similar Chart Price Prediction
The price of VRSN is predicted to go up -14.08%, based on the high correlation periods with MVBF. The similarity of these two price pattern on the periods is 98.78%.
VRSN
MVBF
Down: -14.08%Similarity: 98.78%
VRSN Revenue Forecast
VRSN EPS Forecast
VRSN FAQs
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VRSN VS S&P500
We expect Verisign to maximize price increases for the .com domain within the contractual limits, supporting further margin expansion.
We anticipate Verisign's relationship with ICANN to continue to strengthen as the company's powerful track record of performance extends.
While Verisign faces competitive pressure from competing TLDs, we expect .com to remain the world's most popular TLD.
VRSN Analyst's Forecast
Ygal Arounian
Citigroup
Strong Buy
2025-01-03
Price Target
$210 → $238
Upside
+15.75%
Citi raised the firm's price target on VeriSign to $238 from $210 and keeps a Buy rating on the shares as part of its 2025 internet outlook. After another strong year for internet stocks in 2024, Citi expects continued momentum, driven more by fundamentals than multiple expansion, the analyst tells investors in a research note. The firm says that while internet largely outperformed in 2024, it sees fundamentals as better positioned going into 2025, while multiples are "still reasonable, despite two years of re-rating." Citi's top picks for 2025 are Wix.com (WIX), Godaddy (GDDY), VeriSign (VRSN), Trade Desk (TTD), and Kaspi.kz (KSPI).
Robert Oliver
Baird
Hold → Buy
2024-12-09
Price Target
$200 → $250
Upside
+24.71%
