Gen Digital Inc (GEN) stock is soaring 5.21% in pre-market trading on Wednesday, following a series of positive analyst reports and strong earnings results. The cybersecurity company's shares are gaining momentum as investors react to the latest financial data and expert opinions.
Several analysts have recently weighed in on Gen Digital's prospects. RBC Capital has raised its price target on GEN from $28 to $30, signaling increased confidence in the company's future performance. Barclays maintained its Hold rating on the stock, also with a $30 price target, while Wells Fargo reiterated its Buy rating, further boosting investor sentiment.
The upward movement in GEN's stock price is also supported by the company's recent earnings call highlights. Gen Digital reported record total bookings of $4 billion for fiscal year 2025, up 4% year-over-year, and achieved a record non-GAAP operating margin of 58.4%. The company's successful launch of Genie Scam Protection and the strategic acquisition of MoneyLion have expanded its market reach and product offerings. With over 40 million direct paid customers and a growing presence in the financial wellness sector, Gen Digital appears well-positioned for continued growth, despite some challenges in its legacy business lines and the integration of MoneyLion.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.