Filed under: Forecasts, Internet, Stocks to Buy, Best Stocks for 2008

VeriSign (NASDAQ: VRSN) had excellent performance in 2007. The stock ran from the low $20s to the low $40s, and now has settled in at $37.54. My 2008 price target for VeriSign is $55. It will be an interesting year for this company — the toll booth of the internet.

I wrote about VeriSign back in late May 2007 when the tenured CEO, Stratton Sclavos, abruptly left the company. Sclavos was CEO for 11 years, having taken the company through its 1998 IPO and many, many acquisitions. Since his quick departure last May, the stock has gone up from $25 to its current price. The market has voted favorably on this CEO’s departure. So what makes VeriSign a great buy for 2008?

Continue reading Best Stocks for 2008: VeriSign, the internet’s toll booth

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This entry was posted on Saturday, December 29th, 2007 at 6:30 am and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.