Gen Digital (GEN) Receives a Rating Update from a Top Analyst

In a report released yesterday, Matthew Hedberg from RBC Capital 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, Hedberg is a top 100 analyst with an average return of 20.2% and a 68.33% success rate. Hedberg covers the Technology sector, focusing on stocks such as Gitlab, Samsara, and Autodesk.

Currently, the analyst consensus on Gen Digital is a Moderate Buy with an average price target of $35.88, implying a 19.96% upside from current levels. In a report released today, Barclays also maintained a Hold rating on the stock with a $33.00 price target.

GEN market cap is currently $18.17B and has a P/E ratio of 30.79.

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.