Evercore ISI Raises Gen Digital (NASDAQ:GEN) Price Target to $37.00

Gen Digital (NASDAQ:GEN) had its price target boosted by analysts at Evercore ISI from $35.00 to $37.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Evercore ISI’s price objective would indicate a potential upside of 46.97% from the company’s current price.

A number of other equities research analysts have also recently weighed in on GEN. Jefferies Financial Group initiated coverage on shares of Gen Digital in a research report on Friday, October 3rd. They set a “hold” rating and a $31.00 price target for the company. Royal Bank Of Canada boosted their price target on shares of Gen Digital from $32.00 to $33.00 and gave the stock a “sector perform” rating in a research note on Friday, August 8th. Barclays raised their price objective on shares of Gen Digital from $32.00 to $33.00 and gave the company an “equal weight” rating in a research note on Friday, August 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Gen Digital in a research note on Wednesday, October 8th. Finally, B. Riley began coverage on shares of Gen Digital in a research report on Monday, July 14th. They issued a “buy” rating and a $46.00 price target for the company. One research 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. Based on data from MarketBeat, Gen Digital currently has an average rating of “Moderate Buy” and an average target price of $36.00.

Gen Digital Price Performance

NASDAQ GEN traded down $0.27 during trading hours on Friday, hitting $25.18. 3,248,449 shares of the company’s stock traded hands, compared to its average volume of 3,989,651. Gen Digital has a 52-week low of $22.74 and a 52-week high of $32.22. The company has a market capitalization of $15.51 billion, a PE ratio of 25.98, a PEG ratio of 0.87 and a beta of 0.94. The company has a debt-to-equity ratio of 3.63, a current ratio of 0.50 and a quick ratio of 0.50. The firm’s 50-day moving average is $27.91 and its 200-day moving average is $28.66.

Gen Digital (NASDAQ:GEN) last issued its earnings results on Thursday, November 6th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. Gen Digital had a return on equity of 57.99% and a net margin of 14.12%.The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the company earned $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. Equities analysts forecast that Gen Digital will post 2.05 EPS for the current fiscal year.

Institutional Investors Weigh In On Gen Digital

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Nuveen LLC purchased a new position in shares of Gen Digital during the first quarter worth about $299,562,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Gen Digital by 43.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 12,270,615 shares of the company’s stock worth $325,662,000 after buying an additional 3,724,211 shares during the last quarter. Boston Partners increased its position in Gen Digital by 37.3% during the first quarter. Boston Partners now owns 13,358,167 shares of the company’s stock worth $354,456,000 after buying an additional 3,631,052 shares during the period. Amundi lifted its stake in Gen Digital by 273.3% in the second quarter. Amundi now owns 4,303,552 shares of the company’s stock valued at $128,289,000 after buying an additional 3,150,651 shares during the last quarter. Finally, Alyeska Investment Group L.P. acquired a new stake in shares of Gen Digital in the first quarter valued at approximately $71,287,000. 81.38% of the stock is owned by hedge funds and other institutional investors.

About Gen Digital

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.