Wall Street Analysts Believe Gen Digital (GEN) Could Rally 28.67%: Here's is How to Trade

Core Viewpoint - Gen Digital (GEN) shows potential for significant upside, with a mean price target of $34.38 indicating a 28.7% increase from its current price of $26.72 [1][11]. Price Targets and Analyst Estimates - The mean estimate consists of eight short-term price targets with a standard deviation of $5.5, suggesting variability in analyst predictions. The lowest estimate is $29.00 (8.5% increase), while the highest is $46.00 (72.2% increase) [2][9]. - A low standard deviation among price targets indicates strong agreement among analysts regarding the stock's price direction, which can serve as a starting point for further research [9]. Earnings Estimates and Analyst Sentiment - Analysts have shown growing optimism regarding GEN's earnings prospects, as evidenced by a positive trend in earnings estimate revisions. This correlation between earnings revisions and stock price movements supports the expectation of an upside [11][12]. - Over the past 30 days, the Zacks Consensus Estimate for the current year has increased by 1.3%, with one estimate moving higher and no negative revisions [12]. Zacks Rank and Investment Potential - GEN holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, indicating strong potential for near-term upside [13]. - While consensus price targets may not be entirely reliable, the implied direction of price movement appears to be a useful guide for investors [14].