Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessGen Digital, Inc. Receives New Price Target from Morgan Stanley

Gen Digital, Inc. Receives New Price Target from Morgan Stanley

Add to Favorite
Added to Favorite


Morgan Stanley analyst Hamza Fodderwala sets a new price target for Gen Digital Inc. at $27, indicating a potential upside of about 6.13%.
The adjustment comes with a downgrade to Equalweight, reflecting a more neutral stance on GEN’s stock amidst its strong fundamentals in the digital security sector.
GEN is recognized for its potential in dividend growth alongside notable companies, highlighting its appeal to investors seeking income through dividends.

On June 6, 2024, Morgan Stanley analyst Hamza Fodderwala set a new price target for Gen Digital Inc (NASDAQ:GEN) at $27, slightly above its trading price of $25.44 at the time. This adjustment suggests modest optimism about the stock’s future performance, with a potential upside of about 6.13%. However, it’s important to note that this new price target came with a downgrade to Equalweight, indicating a shift in Morgan Stanley’s view towards a more neutral stance on GEN’s stock.
Gen Digital Inc, known for its robust presence in the digital security sector, competes in a highly dynamic market. The company’s focus on developing advanced security solutions positions it well among its peers. However, the downgrade by Morgan Stanley might reflect broader market conditions or specific challenges faced by GEN, despite its strong fundamentals.
Interestingly, GEN has been recognized for its potential in dividend growth, as highlighted by Zacks Investment Research. This acknowledgment places GEN among other notable companies like Greenbrier Companies (GBX), Leidos Holdings (LDOS), Cabot Corporation (CBT), and Brady Corporation (BRC), all of which are recommended for their solid dividend growth prospects. Such a distinction underscores GEN’s appeal to investors seeking not just stock price appreciation but also income through dividends.
The stock’s current performance, with a slight decrease of $0.02 to $25.44, still showcases its stability in the market. GEN’s trading activity, with a volume of 3,528,474 shares and a market capitalization of approximately $15.93 billion, reflects its significant presence on the NASDAQ. The stock’s year-high of $25.61 and a low of $16.38 further illustrate its volatility and growth potential over the past year.
This blend of a modest price target increase, a neutral rating adjustment, and recognition for dividend growth potential paints a complex picture for GEN. Investors might see the downgrade as a cautious signal amidst broader market optimism, while the stock’s inclusion in Zacks Investment Research’s list of top-ranked dividend growth stocks could attract those looking for steady income. This juxtaposition of views highlights the multifaceted nature of stock analysis, where different metrics and perspectives can lead to varied investment conclusions.

Subscribe to get Latest News Updates

Latest News

You may like more
more

Wheaton Precious Metals Corp. (NYSE:WPM) Financial Overview

Earnings Per Share (EPS) for Q3 2024 stood at...

NRG Energy, Inc. (NYSE:NRG) Stock Price Target Shows Positive Trend

The consensus price target for NRG Energy, Inc. (NYSE:NRG)...

Xeris Biopharma Holdings, Inc. (NASDAQ:XERS) Overview

The consensus price target for Xeris Biopharma's stock has...