Wall Street Analysts Think Gen Digital (GEN) Could Surge 30.38%: Read This Before Placing a Bet

Core Viewpoint - Gen Digital (GEN) shares have shown no gain over the past four weeks, closing at $26.37, but analysts suggest a potential upside of 30.4% based on a mean price target of $34.38 [1] Price Targets and Analyst Estimates - The mean estimate consists of eight short-term price targets with a standard deviation of $5.5, indicating variability among analysts; the lowest estimate suggests a 10% increase to $29.00, while the highest predicts a 74.4% surge to $46.00 [2] - A low standard deviation among price targets indicates strong agreement among analysts regarding the stock's price movement, which can serve as a starting point for further research [9] Earnings Estimates and Analyst Sentiment - Analysts have shown increasing optimism about GEN's earnings prospects, as evidenced by a positive trend in earnings estimate revisions, which historically correlates with stock price movements [11] - Over the last 30 days, the Zacks Consensus Estimate for the current year has risen by 1.2%, with one estimate increasing 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 upside in the near term [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]