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VerifyMe Stock Surges 82% on UPS Partnership Agreement
ByAinvest
Friday, Aug 1, 2025 6:25 am ET1min read
VerifyMe (VRME) stock surged 82.16% on Thursday after a subsidiary of the business intelligence company reached an agreement with UPS, providing access to UPS' designated services at promotional rates. This will enable PeriShip Global to develop interfaces for UPS' APIs, potentially strengthening its position in the logistics sector. Analysts' consensus rating for VerifyMe is Moderate Buy, with an average stock price target of $1.38 and a 101.11% upside potential.
VerifyMe Inc. (NASDAQ: VRME) stock surged 82.16% on Thursday, July 2, 2025, following a significant agreement between its subsidiary PeriShip Global, LLC, and United Parcel Service (NYSE: UPS). The deal, signed on July 29, 2025, provides PeriShip with access to UPS' designated services at promotional rates, including proactive monitoring, weather tracking, and issue resolution through UPS digital channel program applications [1].Under the terms of the three-year agreement, PeriShip will be able to develop interfaces for UPS' Application Programming Interfaces (APIs) and utilize UPS' Access Services and Information [2]. This strategic partnership is expected to enhance PeriShip's logistics management capabilities, potentially strengthening its position in the sector.
Analysts have responded positively to the news, with a consensus rating of Moderate Buy for VerifyMe stock. The average stock price target is $1.38, representing a potential 101.11% upside [2].
References:
[1] https://www.investing.com/news/stock-market-news/verifyme-stock-soars-after-subsidiary-inks-ups-logistics-deal-93CH-4163514
[2] https://www.tipranks.com/news/why-is-verifyme-stock-vrme-up-80-today
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