Gen Digital (NASDAQ:GEN) Price Target Raised to $24.00

Gen Digital (NASDAQ:GEN) had its target price upped by Royal Bank Of Canada from $22.00 to $24.00 in a report issued on Friday morning,Benzinga reports. They currently have a sector perform rating on the stock.

Several other research firms have also weighed in on GEN. Barclays upped their price objective on Gen Digital from $26.00 to $27.00 and gave the company an “equal weight” rating in a research note on Friday. Zacks Research upgraded Gen Digital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 18th. Wall Street Zen lowered Gen Digital from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Jefferies Financial Group lowered Gen Digital from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Wells Fargo & Company started coverage on Gen Digital in a report on Tuesday, March 3rd. They set an “equal weight” rating and a $22.00 price objective for the company. Two investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $31.29.

Gen Digital Trading Up 0.1%

Shares of GEN stock opened at $22.71 on Friday. The firm has a fifty day moving average of $20.15 and a 200-day moving average of $23.90. The stock has a market cap of $13.76 billion, a price-to-earnings ratio of 14.38 and a beta of 1.10. Gen Digital has a 52-week low of $17.78 and a 52-week high of $32.22. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.47 and a current ratio of 0.40.

Gen Digital (NASDAQ:GEN) last issued its earnings results on Thursday, May 7th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. Gen Digital had a net margin of 19.46% and a return on equity of 55.47%. The firm’s revenue was up 27.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.59 EPS. Gen Digital has set its Q1 2027 guidance at 0.680-0.700 EPS and its FY 2027 guidance at 2.850-2.950 EPS. On average, equities research analysts forecast that Gen Digital will post 2.66 earnings per share for the current fiscal year.

Gen Digital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Monday, May 18th will be paid a $0.125 dividend. The ex-dividend date is Monday, May 18th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.2%. Gen Digital’s payout ratio is 31.65%.

Institutional Investors Weigh In On Gen Digital

A number of large investors have recently bought and sold shares of the business. International Assets Investment Management LLC bought a new position in Gen Digital in the 4th quarter valued at $27,000. Spire Wealth Management grew its holdings in shares of Gen Digital by 1,183.3% during the third quarter. Spire Wealth Management now owns 1,078 shares of the company’s stock worth $31,000 after purchasing an additional 994 shares during the last quarter. Clearstead Advisors LLC grew its holdings in shares of Gen Digital by 48.6% during the third quarter. Clearstead Advisors LLC now owns 1,223 shares of the company’s stock worth $35,000 after purchasing an additional 400 shares during the last quarter. TD Private Client Wealth LLC increased its stake in shares of Gen Digital by 65.8% in the fourth quarter. TD Private Client Wealth LLC now owns 1,539 shares of the company’s stock valued at $42,000 after buying an additional 611 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in shares of Gen Digital by 221.5% in the first quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock valued at $46,000 after buying an additional 1,183 shares in the last quarter. 81.38% of the stock is currently owned by institutional investors.

Key Gen Digital News

Here are the key news stories impacting Gen Digital this week:

• Positive Sentiment: Gen Digital beat quarterly expectations, with revenue and EPS both coming in above estimates, and said Trust-Based Solutions revenue surged sharply year over year. The results suggest improving growth momentum and stronger demand in cybersecurity. Article Title
• Positive Sentiment: The company raised fiscal 2027 guidance above Wall Street expectations, pointing to 8%–10% revenue growth and adjusted EPS of $2.85–$2.95, which reinforced optimism about future earnings power. Article Title
• Positive Sentiment: RBC lifted its price target on Gen Digital to $24 from $22, signaling slightly improved analyst confidence even though the firm kept a “sector perform” rating. Article Title
• Neutral Sentiment: Gen Digital announced a quarterly dividend of $0.125 per share, which may support income-focused investors but is not a major growth catalyst by itself.

About Gen Digital

Gen Digital (NASDAQ: GEN) is a global cybersecurity company specializing in consumer- and small-business-focused security, privacy, and identity protection solutions. The company offers a suite of products designed to safeguard devices, networks, and personal information against malware, ransomware, phishing attacks and other digital threats. With a focus on user-friendly interfaces and cross-platform compatibility, Gen Digital develops antivirus software, VPN services, parental controls, password management tools, and comprehensive identity-theft monitoring services.

Gen Digital traces its origins to the consumer software division of Symantec Corporation, which was spun off in late 2019 under the NortonLifeLock name.