Evercore ISI Issues Positive Forecast for Gen Digital (NASDAQ:GEN) Stock Price

Gen Digital (NASDAQ:GEN) had its price objective raised by Evercore ISI from $35.00 to $37.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Evercore ISI’s target price would suggest a potential upside of 46.97% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. B. Riley started coverage on shares of Gen Digital in a research note on Monday, July 14th. They issued a “buy” rating and a $46.00 price objective for the company. Barclays upped their target price on Gen Digital from $32.00 to $33.00 and gave the company an “equal weight” rating in a research report on Friday, August 8th. Wells Fargo & Company increased their price target on Gen Digital from $37.00 to $40.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Royal Bank Of Canada boosted their price target on Gen Digital from $32.00 to $33.00 and gave the stock a “sector perform” rating in a research note on Friday, August 8th. Finally, Jefferies Financial Group started coverage on shares of Gen Digital in a report on Friday, October 3rd. They set a “hold” rating and a $31.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $36.00.

Gen Digital Stock Down 1.1%

Shares of GEN stock traded down $0.27 on Friday, hitting $25.18. The stock had a trading volume of 3,248,449 shares, compared to its average volume of 3,989,651. Gen Digital has a one year low of $22.74 and a one year high of $32.22. The business has a 50 day moving average price of $27.91 and a 200 day moving average price of $28.66. The company has a market cap of $15.51 billion, a PE ratio of 25.98, a P/E/G ratio of 0.87 and a beta of 0.94. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 3.63.

Gen Digital (NASDAQ:GEN) last posted its earnings results on Thursday, November 6th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. Gen Digital had a net margin of 14.12% and a return on equity of 57.99%. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the firm posted $0.54 EPS. The company’s revenue for the quarter was up 25.3% on a year-over-year basis. Gen Digital has set its FY 2026 guidance at 2.510-2.56 EPS. Q3 2026 guidance at 0.620-0.64 EPS. Research analysts anticipate that Gen Digital will post 2.05 earnings per share for the current fiscal year.

Institutional Trading of Gen Digital

Several large investors have recently made changes to their positions in the business. True Wealth Design LLC boosted its stake in shares of Gen Digital by 92.0% during the 3rd quarter. True Wealth Design LLC now owns 1,104 shares of the company’s stock worth $31,000 after acquiring an additional 529 shares in the last quarter. Spire Wealth Management raised its stake in shares of Gen Digital by 1,183.3% during the 3rd quarter. Spire Wealth Management now owns 1,078 shares of the company’s stock worth $31,000 after buying an additional 994 shares during the period. Cullen Frost Bankers Inc. purchased a new position in shares of Gen Digital during the 2nd quarter valued at approximately $32,000. CYBER HORNET ETFs LLC purchased a new stake in Gen Digital in the 2nd quarter worth $44,000. Finally, Geneos Wealth Management Inc. lifted its holdings in Gen Digital by 221.5% during the first quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock valued at $46,000 after purchasing an additional 1,183 shares in the last quarter. 81.38% of the stock is owned by hedge funds and other institutional investors.

Gen Digital Company Profile

Gen Digital Inc engages in the provision of cyber safety solutions for consumers in the United States, Canada, Latin America, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company offers security and performance products under Norton, Avast, Avira, AVG, and CCleaner brands that provide real-time protection and maintenance for PCs, Macs, and mobile devices against malware, viruses, adware, and other online threats.