Gen Digital (NASDAQ:GEN) has reported a notable performance reaching
59% returns over the past five years. The company recently undertook crucial business decisions, which include a merger with
MoneyLion Inc, pricing the deal at approximately
$110 per share or
$1 billion in total. This strategic acquisition aims to expand the firm's financial wellness capabilities. Moreover, analysts categorize Gen Digital as an excellent value stock and a strong choice for long-term investment. It also stands out as an
undervalued tech stock worthwhile to acquire at present. However, the company experienced a
10% decline following President Trump's tariff announcement. Despite this, it remains an intriguing
Cybersecurity investment.
Morgan Stanley has adjusted their price target for Gen Digital from $27 to $25 while maintaining an
Equalweight rating. Gen Digital's AI-powered scam protection feature fortifies its Norton Cyber Safety Products, and its recent financial activities and proposed acquisitions suggest a futuristic approach towards financial technology and cybersecurity enhancement. Meanwhile,
RBC Capital readjusted Gen Digital's price target from $30 to $28, holding a Sector Perform rating.
Gen Digital Stocks GEN News Analytics from Tue, 07 Nov 2023 08:00:00 GMT to Fri, 18 Apr 2025 16:34:41 GMT -
Rating 5
- Innovation 5
- Information 7
- Rumor 4
