Evercore analyst Peter Levine maintains $Gen Digital (GEN.US)$ with a buy rating, and adjusts the target price from $32 to $35.
According to TipRanks data, the analyst has a success rate of 48.8% and a total average return of 9.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Gen Digital (GEN.US)$'s main analysts recently are as follows:
The company observed a significant increase in net subscriber additions, spurred by international expansion and heightened interest in identity protection. Additionally, the company has raised its guidance range's lower limit, with various factors influencing earnings projections.
The expectation is for shares of Gen Digital to appreciate following robust Q2 results, underscored by a 5% increase in bookings. This uptick is anticipated to escalate revenue growth and underpin mid-teens growth in earnings per share. A positive outlook is maintained in the near term due to the demand driven by breach activity.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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