Royal Bank Of Canada Issues Positive Forecast for Gen Digital (NASDAQ:GEN) Stock Price

Gen Digital (NASDAQ:GEN) had its target price boosted by Royal Bank Of Canada from $22.00 to $24.00 in a report published on Friday morning,Benzinga reports. They currently have a sector perform rating on the stock.

Several other equities research analysts also recently weighed in on GEN. Weiss Ratings restated a “hold (c+)” rating on shares of Gen Digital in a research note on Thursday, January 22nd. Wall Street Zen downgraded Gen Digital from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Barclays increased their price objective on Gen Digital from $26.00 to $27.00 and gave the company an “equal weight” rating in a report on Friday. Jefferies Financial Group downgraded Gen Digital from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Wells Fargo & Company started coverage on shares of Gen Digital in a report on Tuesday, March 3rd. They set an “equal weight” rating and a $22.00 price objective on the stock. Two equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $31.29.

Gen Digital Price Performance

Shares of GEN stock opened at $22.71 on Friday. The stock’s 50-day moving average is $20.15 and its 200 day moving average is $23.90. Gen Digital has a 1-year low of $17.78 and a 1-year high of $32.22. The company has a debt-to-equity ratio of 3.50, a current ratio of 0.47 and a quick ratio of 0.47. The company has a market cap of $13.76 billion, a P/E ratio of 14.38 and a beta of 1.10.

Gen Digital (NASDAQ:GEN) last announced its earnings results on Thursday, May 7th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. Gen Digital had a net margin of 19.46% and a return on equity of 56.78%. The firm’s revenue was up 27.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.59 earnings per share. Gen Digital has set its Q1 2027 guidance at 0.680-0.700 EPS and its FY 2027 guidance at 2.850-2.950 EPS. Research analysts predict that Gen Digital will post 2.66 earnings per share for the current fiscal year.

Gen Digital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Monday, May 18th will be paid a $0.125 dividend. The ex-dividend date is Monday, May 18th. This represents a $0.50 dividend on an annualized basis and a yield of 2.2%. Gen Digital’s dividend payout ratio (DPR) is 51.55%.

Institutional Investors Weigh In On Gen Digital

A number of large investors have recently bought and sold shares of GEN. International Assets Investment Management LLC purchased a new position in Gen Digital during the 4th quarter worth approximately $27,000. Spire Wealth Management lifted its position in Gen Digital by 1,183.3% during the third quarter. Spire Wealth Management now owns 1,078 shares of the company’s stock valued at $31,000 after purchasing an additional 994 shares during the period. Clearstead Advisors LLC raised its stake in shares of Gen Digital by 48.6% during the 3rd quarter. Clearstead Advisors LLC now owns 1,223 shares of the company’s stock valued at $35,000 after buying an additional 400 shares during the last quarter. TD Private Client Wealth LLC boosted its stake in shares of Gen Digital by 65.8% in the fourth quarter. TD Private Client Wealth LLC now owns 1,539 shares of the company’s stock worth $42,000 after buying an additional 611 shares during the last quarter. Finally, MUFG Securities EMEA plc acquired a new stake in Gen Digital during the second quarter worth about $47,000. Hedge funds and other institutional investors own 81.38% of the company’s stock.

More Gen Digital News

Here are the key news stories impacting Gen Digital this week:

• Positive Sentiment: Gen Digital beat quarterly expectations, with revenue and EPS both coming in above estimates, and said Trust-Based Solutions revenue surged sharply year over year. The results suggest improving growth momentum and stronger demand in cybersecurity. Article Title
• Positive Sentiment: The company raised fiscal 2027 guidance above Wall Street expectations, pointing to 8%–10% revenue growth and adjusted EPS of $2.85–$2.95, which reinforced optimism about future earnings power. Article Title
• Positive Sentiment: RBC lifted its price target on Gen Digital to $24 from $22, signaling slightly improved analyst confidence even though the firm kept a “sector perform” rating. Article Title
• Neutral Sentiment: Gen Digital announced a quarterly dividend of $0.125 per share, which may support income-focused investors but is not a major growth catalyst by itself.

Gen Digital Company Profile

Gen Digital (NASDAQ: GEN) is a global cybersecurity company specializing in consumer- and small-business-focused security, privacy, and identity protection solutions. The company offers a suite of products designed to safeguard devices, networks, and personal information against malware, ransomware, phishing attacks and other digital threats. With a focus on user-friendly interfaces and cross-platform compatibility, Gen Digital develops antivirus software, VPN services, parental controls, password management tools, and comprehensive identity-theft monitoring services.

Gen Digital traces its origins to the consumer software division of Symantec Corporation, which was spun off in late 2019 under the NortonLifeLock name.