Wells Fargo analyst Andrew Nowinski maintains $Gen Digital (GEN.US)$ with a buy rating, and adjusts the target price from $35 to $37.
According to TipRanks data, the analyst has a success rate of 55.9% and a total average return of 15.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Gen Digital (GEN.US)$'s main analysts recently are as follows:
Gen Digital has observed notable net subscriber growth, propelled by its international expansion and heightened interest in identity protection. Additionally, the company's guidance on the lower end is improving, with various factors influencing earnings.
The firm anticipates that shares of Gen Digital are poised to advance following robust second-quarter outcomes, underscored by a 5% increase in bookings that is likely to elevate revenue growth and underpin a mid-teens expansion in earnings per share. The firm maintains a positive short-term outlook owing to the surge in demand propelled by breach activities.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
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.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
