why Gen Digital Inc. [GEN] is a Good Choice for Investors After New Price Target of $25.98

Gen Digital Inc. [NASDAQ: GEN] loss -3.01% on the last trading session, reaching $18.69 price per share at the time. The company report on March 2, 2023 that Norton Consumer Cyber Safety Pulse Report: Scammers Up Their Game With New AI Tools.

From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio

The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.

Get our free report, "Top 5 AI Stocks to Buy for 2023".


Here’s what you need to know to stay safe from cybercriminals using ChatGPT to create deepfake chatbots, phishing campaigns and malware.

The global research team from Norton, a consumer Cyber Safety brand of Gen™ (NASDAQ: GEN), today released its quarterly Consumer Cyber Safety Pulse Report, detailing how cybercriminals can use artificial intelligence to create realistic and sophisticated threats. The latest report includes an analysis of how large language models can enhance cybercriminal tactics.

Gen Digital Inc. represents 647.00 million in outstanding shares, while the company has a total market value of $11.97 billion with the latest information. GEN stock price has been found in the range of $18.55 to $19.27.

If compared to the average trading volume of 3.26M shares, GEN reached a trading volume of 4834691 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Gen Digital Inc. [GEN]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GEN shares is $25.98 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GEN stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

The Average True Range (ATR) for Gen Digital Inc. is set at 0.53, with the Price to Sales ratio for GEN stock in the period of the last 12 months amounting to 3.85. The Price to Book ratio for the last quarter was 9.25, with the Price to Cash per share for the same quarter was set at 1.27. Price to Free Cash Flow for GEN in the course of the last twelve months was 26.90 with Quick ratio for the last quarter at 0.50.

Trading performance analysis for GEN stock

Gen Digital Inc. [GEN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.20. With this latest performance, GEN shares dropped by -12.25% in over the last four-week period, additionally sinking by -18.17% over the last 6 months – not to mention a drop of -35.97% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GEN stock in for the last two-week period is set at 22.89, with the RSI for the last a single of trading hit 15.53, and the three-weeks RSI is set at 28.61 for Gen Digital Inc. [GEN]. The present Moving Average for the last 50 days of trading for this stock 21.42, while it was recorded at 19.14 for the last single week of trading, and 22.47 for the last 200 days.

Gen Digital Inc. [GEN]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Gen Digital Inc. [GEN] shares currently have an operating margin of +37.05 and a Gross Margin at +82.37. Gen Digital Inc.’s Net Margin is presently recorded at +29.90.

Gen Digital Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.50.

Gen Digital Inc. [GEN]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GEN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Gen Digital Inc. go to 13.40%.

An analysis of insider ownership at Gen Digital Inc. [GEN]

There are presently around $9,879 million, or 85.70% of GEN stock, in the hands of institutional investors. The top three institutional holders of GEN stocks are: VANGUARD GROUP INC with ownership of 68,698,555, which is approximately 1.522% of the company’s market cap and around 8.30% of the total institutional ownership; BLACKROCK INC., holding 61,558,877 shares of the stock with an approximate value of $1.15 billion in GEN stocks shares; and STATE STREET CORP, currently with $487.82 million in GEN stock with ownership of nearly 0.977% of the company’s market capitalization.

Positions in Gen Digital Inc. stocks held by institutional investors increased at the end of Thursday and at the time of the Thursday reporting period, where 250 institutional holders increased their position in Gen Digital Inc. [NASDAQ:GEN] by around 35,102,772 shares. Additionally, 290 investors decreased positions by around 48,436,888 shares, while 85 investors held positions by with 445,016,838 shares. The mentioned changes placed institutional holdings at 528,556,498 shares, according to the latest SEC report filing. GEN stock had 66 new institutional investments in for a total of 3,159,628 shares, while 73 institutional investors sold positions of 4,892,410 shares during the same period.


Please enter your comment!
Please enter your name here