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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.
  • Five stocks we like better than Gen Digital.

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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.

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Gen Digital (GEN)
3.0248 of 5 stars		$25.26+0.8%1.98%24.76Strong Buy$25.00
Best Buy (BBY)
4.901 of 5 stars		$67.71+2.6%5.61%11.57Hold$91.28
McAfee (MCFE)
2.1989 of 5 stars		$25.99flat1.31%6.47N/AN/A
Trend Micro (TMICY)
1.6695 of 5 stars		$67.18-1.5%1.41%39.29N/AN/A
Microsoft (MSFT)
4.8739 of 5 stars		$391.85+1.2%0.85%31.55Moderate Buy$493.89
Oracle (ORCL)
4.9021 of 5 stars		$138.50+0.7%1.44%33.86Moderate Buy$174.42
Zscaler (ZS)
3.4812 of 5 stars		$215.58+2.6%N/A-862.32Moderate Buy$234.16
CrowdStrike (CRWD)
4.3501 of 5 stars		$424.88+2.6%N/A833.11Moderate Buy$400.76
Fortinet (FTNT)
4.4158 of 5 stars		$101.80+1.1%N/A45.04Hold$104.77
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