Jefferies initiated coverage of Gen Digital (GEN) with a Hold rating and $31 price target Gen is the leading vendor in consumer security and recently expanded its offering into the financial wellness of consumers via its acquisition of MoneyLion, the analyst tells investors in a research note. The firm sees execution risk in the near term and finds the stock fairly valued at current levels.
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Read More on GEN:
- Gen Digital Elects Board and Approves Key Proposals
- Cautious Optimism: Evaluating Gen Digital’s Strategic Expansion with MoneyLion Integration
- Strategic Acquisition of MoneyLion Fuels Gen Digital’s Long-Term Growth Potential
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