GEN Price Prediction Next Week
Technical Analysis: Based on recent price action, GEN is showing mixed signals. The RSI(14) at 50.47 indicates a neutral momentum, while the MACD shows a slight bullish crossover with a positive histogram of 0.09. The stock is trading above its 200-day SMA of $26.38, suggesting a long-term uptrend.
Price Levels:
- Support levels: $26.72 (Fibonacci S1), $26.25 (Fibonacci S2)
- Resistance levels: $28.23 (Fibonacci R1), $28.69 (Fibonacci R2)
News Impact: Recent Q3 results showed:
- Revenue increased 4% to $986 million
- Adjusted EPS of $0.56, beating estimates
- Strong demand for cybersecurity solutions
- Positive outlook with Q4 revenue guidance of $990M-$1.01B
Price Prediction for Next Week: Based on technical indicators and recent news:
- Target Price: $28.50
- Direction: Bullish with 65% probability
- Key drivers:
- Positive earnings momentum
- Growing cybersecurity demand
- Technical breakout above $28 resistance
- Strong institutional support with "Moderate Buy" consensus
Trading Recommendation: BUY at current levels ($27.72) with a stop loss at $26.72 (Fibonacci S1). The stock shows potential for upward movement based on:
- Positive earnings momentum
- Growing industry demand
- Technical support from moving averages
- Strong analyst backing with mean price target of $32.62
GEN Similar Chart Price Prediction
The price of GEN is predicted to go up -6.42%, based on the high correlation periods with XHR. The similarity of these two price pattern on the periods is 90.01%.
GEN
XHR
Down: -6.42%Similarity: 90.01%
GEN Revenue Forecast
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GEN VS S&P500
Gen's bundling offers allow the company to land and expand customers that want one unified vendor for their security and identity protection needs.
The firm has a solid cash generation profile along with its commitment to return shareholder capital via dividends and share buybacks.
International expansion remains a viable area for top-line growth as the company can potentially increase its number of paid users in the European and Asian markets.
GEN Analyst's Forecast
Saket Kalia
Barclays
Hold
2024-10-31
Price Target
$28 → $30
Upside
+3.06%
Barclays analyst Saket Kalia raised the firm's price target on Gen Digital to $30 from $28 and keeps an Equal Weight rating on the shares. The company reported 389,000 net subscriber adds, driven by international growth and elevated identity interest, and the low end of the guide is going up with some puts/takes on earnings, the analyst tells investors in a research note.
Saket Kalia
Barclays
Hold
2024-10-07
Price Target
$27 → $28
Upside
+2.6%
