Gen Digital Inc. (GEN) Focused on Amplifying Growth and Shareholder Value

Gen Digital Inc. (NASDAQ:GEN) is one of the best cybersecurity stocks to buy under $50. Gen Digital Inc. (NASDAQ:GEN) holds a Moderate Buy rating from seven analysts on Wall Street made up of 3 Buy and 4 Hold Ratings. The stock commands an average price target of $34.43, implying 31.01% upside from its current price of $26.98.

Gen Digital Inc. (GEN) Focused on Amplifying Growth and Shareholder Value

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On November 7, analysts at Evercore ISI reiterated an Outperform rating on the stock and raised the price target to $37 from $35. The price target hike is in response to the company’s impressive second-quarter fiscal 2026 results, which beat estimates. Earnings per share came in at $0.62, beating the analyst estimate of $0.61. Revenue also came in at $1.22 billion, up 25% year over year versus $1.19 billion expected.

“Gen’s record Q2 performance demonstrates the strength of our playbook and scalability of our business,” said Natalie Derse, CFO of Gen. “Eight straight quarters of EPS growth at or above our 12 – 15% target underscores our consistent execution and financial discipline. As we accelerate innovation and deepen our leadership in secure financial wellness, we’re amplifying our growth potential and driving lasting shareholder value.”

Additionally, Gen Digital issued strong third-quarter guidance, expecting EPS to range between $0.62 and $0.64, against the $0.63 expected. Revenue is expected to be between $1.22 billion and $1.24 billion, versus the $1.19 billion analysts expect.

Gen Digital Inc. (NASDAQ:GEN) is a global leader in consumer cyber safety that provides cybersecurity, identity theft protection, and online privacy solutions through its family of brands. It offers a comprehensive platform of digital protection products, including antivirus software, VPNs, and identity monitoring services.

While we acknowledge the potential of GEN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GEN and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.