Argus Research Cuts Price Target on Gen Digital Inc. (GEN) Citing Impact From Tech Selloff

Gen Digital Inc. (NASDAQ:GEN) is among the 10 Best Magic Formula Stocks for 2026. This week, Argus Research cut its price target on the stock to $32 from $35, citing the impact from the tech selloff this year.

Argus Research Cuts Price Target on Gen Digital Inc. (GEN) Citing Impact From Tech Selloff

However, the firm reiterated a Buy rating on the stock. According to a report on TipRanks, Argus analyst Joseph Bonner told investors in a research note that the company’s fundamentals remain reasonable, while adding that the concerns regarding Gen-AI agents posing a threat to software in the cybersecurity space were exaggerated.

As of the close on February 23, Gen Digital Inc. (NASDAQ:GEN) sports a Moderate Buy rating with an average share price upside potential of 54.3%.

In other news, the company on February 17 announced that it was partnering with Vercel to add independent safety checks to skills.sh, the latter’s directory for skill packages that is widely used by developers to publish and install modular capabilities to enhance the performance of AI agents.

Gen Digital Inc. (NASDAQ:GEN) provides cybersecurity services for individuals and businesses through its consumer brands, including Avast, LifeLock, Norton, and others.

While we acknowledge the risk and potential of GEN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GEN and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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