Morgan Stanley Increases Gen Digital (NASDAQ:GEN) Price Target to $32.00

Key Points

• Morgan Stanley raised its price target for Gen Digital from $25.00 to $32.00, indicating a potential upside of 5.96% from the current price.
• The stock currently holds an average rating of "Moderate Buy", with a consensus price target of $36.50 and a mixture of ratings from various analysts.
• Gen Digital reported earnings of $0.64 per share for the last quarter, exceeding expectations and showing a 30.3% increase in revenue year-over-year.

Gen Digital (NASDAQ:GEN - Get Free Report) had its price objective boosted by equities researchers at Morgan Stanley from $25.00 to $32.00 in a report issued on Tuesday, Marketbeat Ratings reports. The firm currently has an "equal weight" rating on the stock. Morgan Stanley's target price would indicate a potential upside of 8.47% from the stock's previous close.

GEN has been the topic of a number of other reports. Barclays boosted their target price on shares of Gen Digital from $32.00 to $33.00 and gave the stock an "equal weight" rating in a report on Friday, August 8th. Evercore ISI began coverage on shares of Gen Digital in a report on Tuesday, July 1st. They set an "outperform" rating and a $35.00 target price on the stock. Wells Fargo & Company boosted their target price on shares of Gen Digital from $37.00 to $40.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Royal Bank Of Canada boosted their target price on shares of Gen Digital from $32.00 to $33.00 and gave the stock a "sector perform" rating in a report on Friday, August 8th. Finally, B. Riley began coverage on shares of Gen Digital in a report on Monday, July 14th. They set a "buy" rating and a $46.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $36.50.

Gen Digital Price Performance

Shares of Gen Digital stock traded down $0.03 during midday trading on Tuesday, hitting $29.50. 2,497,074 shares of the company traded hands, compared to its average volume of 4,113,422. The stock has a market cap of $18.17 billion, a price-to-earnings ratio of 30.41, a PEG ratio of 0.99 and a beta of 0.99. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.50 and a current ratio of 0.50. The firm's fifty day moving average price is $30.23 and its 200-day moving average price is $28.28. Gen Digital has a 12 month low of $22.74 and a 12 month high of $32.22.

Gen Digital (NASDAQ:GEN - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.04. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.19 billion. Gen Digital had a net margin of 14.12% and a return on equity of 57.99%. The firm's revenue was up 30.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.53 EPS. Gen Digital has set its Q2 2026 guidance at 0.600-0.620 EPS. FY 2026 guidance at 2.490-2.560 EPS. As a group, sell-side analysts forecast that Gen Digital will post 2.05 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Choreo LLC raised its stake in shares of Gen Digital by 3.2% during the second quarter. Choreo LLC now owns 10,116 shares of the company's stock worth $297,000 after acquiring an additional 315 shares in the last quarter. Beacon Pointe Advisors LLC raised its stake in shares of Gen Digital by 3.9% during the second quarter. Beacon Pointe Advisors LLC now owns 9,505 shares of the company's stock worth $279,000 after acquiring an additional 357 shares in the last quarter. Rise Advisors LLC raised its stake in shares of Gen Digital by 19.2% during the first quarter. Rise Advisors LLC now owns 2,361 shares of the company's stock worth $63,000 after acquiring an additional 381 shares in the last quarter. Nissay Asset Management Corp Japan ADV raised its stake in shares of Gen Digital by 0.6% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 69,927 shares of the company's stock worth $1,856,000 after acquiring an additional 427 shares in the last quarter. Finally, Sagespring Wealth Partners LLC raised its stake in shares of Gen Digital by 5.7% during the second quarter. Sagespring Wealth Partners LLC now owns 8,452 shares of the company's stock worth $248,000 after acquiring an additional 454 shares in the last quarter. Institutional investors and hedge funds 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.