Are Wall Street Analysts Bullish on VeriSign Stock?

Wall Street analysts remain optimistic about VeriSign stock, as evidenced by a consensus rating of "Strong Buy." Despite outperforming the broader market in the first half of the year, VeriSign has struggled to keep pace with the S&P 500 over the past year. However, the company's second-quarter earnings report in July showed steady revenue growth, expanding profitability, strong domain-registration trends, and a positive full-year outlook.

VeriSign reported a 6% year-over-year revenue increase to $434.60 million and a 5.6% rise in operating income to $296.3 million. The company's ending quarter also saw 179.10 million .com and .net domain registrations, reflecting a 5.1% year-over-year growth. Analysts expect VeriSign's EPS to grow 8.5% year-over-year to $9.56 for fiscal 2026, surpassing the consensus estimates in two of the past three quarters.

VeriSign has outperformed its peers, including State Street Technology Select Sector SPDR ETF, which gained 41.6% over the past 52 weeks and 27.3% YTD. On July 24, Wedbush raised its price target for VeriSign to $324, citing strong Q2 results and an improved full-year outlook as indicators of continued growth momentum.