VeriSign price target raised to $271 from $270 at JPMorgan

JPMorgan analyst Alexei Gogolev raised the firm’s price target on VeriSign (VRSN) to $271 from $270 and keeps a Neutral rating on the shares. The .com domain base recorded 161M total domains as of December 31, up 3% year-over-year, according to Verisign data, the analyst tells investors in a research note. The firm is “encouraged” by the incrementally stronger trends in .com and reflected that in its model. However, the firm still views VeriSign shares as fairly valued.