On Nov 01, major Wall Street analysts update their ratings for $Gen Digital (GEN.US)$, with price targets ranging from $27 to $37.
Morgan Stanley analyst Hamza Fodderwala maintains with a hold rating, and maintains the target price at $27.
Barclays analyst Saket Kalia maintains with a hold rating, and adjusts the target price from $28 to $30.
Wells Fargo analyst Andrew Nowinski maintains with a buy rating, and adjusts the target price from $35 to $37.
Evercore analyst Peter Levine maintains with a buy rating, and adjusts the target price from $32 to $35.
Furthermore, according to the comprehensive report, the opinions of $Gen Digital (GEN.US)$'s main analysts recently are as follows:
The company experienced an increase in net subscriber additions, reaching 389,000, primarily due to international expansion and heightened interest in identity protection. Additionally, the guidance's lower end is experiencing an upward shift, influenced by various factors impacting earnings.
The expectation is that shares of Gen Digital will trend upwards following robust Q2 outcomes, underscored by a 5% increase in bookings. This growth in bookings is anticipated to propel revenue growth and sustain EPS growth in the mid-teens. The current bullish sentiment in the near term is fueled by the surge in demand due to increased breach activity.
Here are the latest investment ratings and price targets for $Gen Digital (GEN.US)$ from 4 analysts:
Note:
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