Fintel reports that on October 24, 2024, Wells Fargo initiated coverage of Gen Digital (NasdaqGS:GEN) with a Overweight recommendation.
Analyst Price Forecast Suggests 3.22% Upside
As of October 21, 2024, the average one-year price target for Gen Digital is $27.89/share. The forecasts range from a low of $22.62 to a high of $33.60. The average price target represents an increase of 3.22% from its latest reported closing price of $27.02 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Gen Digital is 4,149MM, an increase of 8.22%. The projected annual non-GAAP EPS is 2.54.
What is the Fund Sentiment?
There are 1,293 funds or institutions reporting positions in Gen Digital. This is an increase of 44 owner(s) or 3.52% in the last quarter. Average portfolio weight of all funds dedicated to GEN is 0.21%, an increase of 8.86%. Total shares owned by institutions increased in the last three months by 2.28% to 609,617K shares. 
The put/call ratio of GEN is 0.76, indicating a bullish outlook.
What are Other Shareholders Doing?
Ameriprise Financial holds 21,686K shares representing 3.52% ownership of the company. In its prior filing, the firm reported owning 20,172K shares , representing an increase of 6.98%. The firm decreased its portfolio allocation in GEN by 78.67% over the last quarter.
Starboard Value holds 17,517K shares representing 2.85% ownership of the company. In its prior filing, the firm reported owning 18,609K shares , representing a decrease of 6.24%. The firm increased its portfolio allocation in GEN by 18.29% over the last quarter.
COWZ - Pacer US Cash Cows 100 ETF holds 16,841K shares representing 2.74% ownership of the company. In its prior filing, the firm reported owning 0K shares , representing an increase of 100.00%.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 16,796K shares representing 2.73% ownership of the company. In its prior filing, the firm reported owning 17,090K shares , representing a decrease of 1.75%. The firm increased its portfolio allocation in GEN by 6.58% over the last quarter.
Pacer Advisors holds 16,631K shares representing 2.70% ownership of the company. In its prior filing, the firm reported owning 83K shares , representing an increase of 99.50%. The firm increased its portfolio allocation in GEN by 21,927.65% over the last quarter.
Gen Digital Background Information
(This description is provided by the company.)
NortonLifeLock Inc. is a global leader in consumer Cyber Safety, protecting and empowering people to live their digital lives safely. It is the consumer's trusted ally in an increasingly complex and connected world.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
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This story originally appeared on Fintel.
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