VerifyMe price target raised to $1.50 from $1 at Barrington

Barrington raised the firm’s price target on VerifyMe (VRME) to $1.50 from $1 and keeps an Outperform rating on the shares. The company disclosed yesterday that it entered into a letter of intent agreement with Open World, a strategic partner for many of the Web3 ecosystem’s cryptocurrency launches, the analyst tells investors in a research note. The firm cites the “intriguing value creation possibilities” in the digital asset space as well as the likelihood of a near-term “sizable” special dividend for VerifyMe shareholders for the target boost.