Barclays Keeps Their Hold Rating on Gen Digital (GEN)

In a report released today, Saket Kalia from Barclays maintained a Hold rating on Gen Digital, with a price target of $33.00. The company’s shares closed yesterday at $29.91.

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According to TipRanks, Kalia is a 5-star analyst with an average return of 15.5% and a 63.99% success rate. Kalia covers the Technology sector, focusing on stocks such as Check Point, Fortinet, and PTC.

Currently, the analyst consensus on Gen Digital is a Moderate Buy with an average price target of $36.29, representing a 21.33% upside. In a report released on September 2, Morgan Stanley also maintained a Hold rating on the stock with a $32.00 price target.

Based on Gen Digital’s latest earnings release for the quarter ending July 4, the company reported a quarterly revenue of $1.26 billion and a net profit of $135 million. In comparison, last year the company earned a revenue of $965 million and had a net profit of $181 million

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GEN in relation to earlier this year. Last month, John Chrystal, a Director at GEN bought 10,000.00 shares for a total of $321,000.00.