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MarketBeat ‘Stock of the Week’: Is Gen Digital Undervalued?

Written by MarketBeat Staff
October 23, 2023

Key Points

  • Gen Digital acquired Avast, PLC, which came at a steep price but also pushed the company closer to its goal of becoming the dominant player in consumer cybersecurity.
  • As the company's recovery and growth story unfolds, investors have an opportunity to collect a nice dividend in addition to whatever share price appreciation happens.
  • At 7x next year’s earnings, Gen Digital is by far the cheapest stock in the large cap systems software space.
  • Five stocks we like better than Gen Digital.

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Should You Invest $1,000 in Gen Digital Right Now?

Before you consider Gen Digital, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Gen Digital wasn't on the list.

While Gen Digital currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Gen Digital (GEN)
3.119 of 5 stars		$28.43+2.1%1.76%27.87Buy$27.50
Best Buy (BBY)
4.9323 of 5 stars		$69.70+1.9%5.45%11.91Hold$91.28
McAfee (MCFE)
2.1988 of 5 stars		$25.99flat1.31%6.47N/AN/A
Trend Micro (TMICY)
1.6978 of 5 stars		$69.87-4.4%1.36%40.86N/AN/A
Microsoft (MSFT)
4.7487 of 5 stars		$442.53+2.1%0.75%35.63Moderate Buy$507.77
Oracle (ORCL)
4.715 of 5 stars		$151.39+1.4%1.32%37.01Moderate Buy$174.42
Zscaler (ZS)
3.4807 of 5 stars		$233.12-0.2%N/A-932.48Moderate Buy$236.66
CrowdStrike (CRWD)
4.4351 of 5 stars		$430.79+2.0%N/A844.70Moderate Buy$403.20
Fortinet (FTNT)
4.8052 of 5 stars		$97.90-8.3%N/A43.32Hold$105.73
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