Gen Digital (NASDAQ:GEN) Price Target Cut to $29.00 by Analysts at Royal Bank Of Canada

Gen Digital (NASDAQ:GEN) had its target price dropped by equities research analysts at Royal Bank Of Canada from $33.00 to $29.00 in a report released on Friday,Benzinga reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 12.48% from the stock’s current price.

A number of other equities analysts have also recently commented on the stock. Barclays boosted their price target on shares of Gen Digital from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Friday, August 8th. Wells Fargo & Company increased their target price on Gen Digital from $37.00 to $40.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Weiss Ratings restated a “hold (c+)” rating on shares of Gen Digital in a research report on Wednesday, October 8th. Morgan Stanley lifted their price target on Gen Digital from $25.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 2nd. Finally, Wall Street Zen upgraded Gen Digital from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Gen Digital presently has an average rating of “Moderate Buy” and an average target price of $35.43.

Gen Digital Price Performance

NASDAQ GEN traded up $0.33 on Friday, hitting $25.78. The stock had a trading volume of 7,009,603 shares, compared to its average volume of 4,005,704. The firm has a 50-day moving average of $27.91 and a 200-day moving average of $28.66. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.50 and a current ratio of 0.50. 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 $15.88 billion, a price-to-earnings ratio of 26.58, a price-to-earnings-growth ratio of 0.87 and a beta of 0.94.

Gen Digital (NASDAQ:GEN) last issued its quarterly earnings data 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. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.20 billion. Gen Digital had a return on equity of 57.99% and a net margin of 14.12%.The firm’s revenue was up 25.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 earnings per share. 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 expect that Gen Digital will post 2.05 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. True Wealth Design LLC grew its stake in shares of Gen Digital by 92.0% in the third quarter. True Wealth Design LLC now owns 1,104 shares of the company’s stock worth $31,000 after acquiring an additional 529 shares during the last quarter. Spire Wealth Management raised its position in shares of Gen Digital by 1,183.3% in the 3rd 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. Cullen Frost Bankers Inc. bought a new position in Gen Digital in the 2nd quarter worth about $32,000. CYBER HORNET ETFs LLC purchased a new stake in Gen Digital during the 2nd quarter valued at about $44,000. Finally, Geneos Wealth Management Inc. grew its position in Gen Digital by 221.5% during the 1st 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 during the last quarter. Hedge funds and other institutional investors own 81.38% of the company’s stock.

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.