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

Core Viewpoint - Gen Digital Inc. (NASDAQ:GEN) is recognized as one of the 10 Best Magic Formula Stocks for 2026, despite a recent price target cut by Argus Research from $35 to $32 due to the tech selloff this year [1][6]. Group 1: Stock Performance and Ratings - Argus Research has maintained a Buy rating on Gen Digital Inc., indicating that the company's fundamentals are still reasonable [2]. - The average share price upside potential for Gen Digital Inc. is reported at 54.3%, reflecting a Moderate Buy rating as of February 23 [2]. Group 2: Company Developments - On February 17, Gen Digital Inc. announced a partnership with Vercel to implement independent safety checks on skills.sh, a directory for skill packages used by developers to enhance AI agents [3]. - Gen Digital Inc. provides cybersecurity services through its consumer brands, including Avast, LifeLock, and Norton [3].