Meta Marshall, an analyst from Morgan Stanley, maintained the Hold rating on Gen Digital. The associated price target is $32.00.
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Meta Marshall has given his Hold rating due to a combination of factors related to Gen Digital’s strategic positioning and recent acquisition. The integration of MoneyLion’s platform into Gen Digital’s offerings presents a promising expansion into personal financial management, complementing its existing cyber safety services. This acquisition allows Gen to leverage its vast user base to enhance MoneyLion’s reach and conversion potential, opening doors to new demographics and markets.
Despite these opportunities, the decision to rate Gen Digital as Hold reflects a cautious approach, considering the early stages of this integration. While the partnership network and attractive unit economics are notable strengths, the full impact of these synergies on Gen’s growth trajectory remains to be seen. Therefore, the Hold rating suggests a wait-and-see approach as the company continues to navigate its expanded strategic direction.
Marshall covers the Technology sector, focusing on stocks such as Arista Networks, Cisco Systems, and Corning. According to TipRanks, Marshall has an average return of 5.0% and a 57.29% success rate on recommended stocks.
In another report released today, Barclays also maintained a Hold rating on the stock with a $33.00 price target.