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MarketBeat ‘Stock of the Week’: Is Gen Digital Undervalued?

Written by MarketBeat Staff
October 23, 2023

Key Points

  • Gen Digital acquired Avast, PLC, which came at a steep price but also pushed the company closer to its goal of becoming the dominant player in consumer cybersecurity.
  • As the company's recovery and growth story unfolds, investors have an opportunity to collect a nice dividend in addition to whatever share price appreciation happens.
  • At 7x next year’s earnings, Gen Digital is by far the cheapest stock in the large cap systems software space.
  • Interested in Gen Digital? Here are five stocks we like better.
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Should You Invest $1,000 in Gen Digital Right Now?

Before you consider Gen Digital, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Gen Digital wasn't on the list.

While Gen Digital currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

20 Stocks to Sell Now Cover
20 Stocks to Sell Now

MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio?

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Gen Digital (GEN)
3.2073 of 5 stars		$26.70-1.3%1.87%26.18Strong BuyN/A
Best Buy (BBY)
4.8943 of 5 stars		$72.61-3.0%5.23%12.41Hold$93.50
McAfee (MCFE)
2.2827 of 5 stars		$25.99flat1.31%6.47N/AN/A
Trend Micro (TMICY)
2.2007 of 5 stars		$68.38+4.0%6.01%39.99N/AN/A
Microsoft (MSFT)
4.9024 of 5 stars		$383.27+0.7%0.87%30.86Moderate Buy$509.54
Oracle (ORCL)
4.8329 of 5 stars		$151.17+4.8%1.06%36.96Moderate Buy$176.85
Zscaler (ZS)
4.3756 of 5 stars		$197.79-0.8%N/A-791.16Moderate Buy$233.88
CrowdStrike (CRWD)
4.6723 of 5 stars		$346.76+5.2%N/A679.93Moderate Buy$398.78
Fortinet (FTNT)
4.0843 of 5 stars		$97.93-0.4%N/A43.33Hold$103.72
Compare These Stocks  Add These Stocks to My Watchlist 

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