Morgan Stanley Maintains Overweight on Gen Digital, Raises Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Hamza Fodderwala has maintained an Overweight rating on Gen Digital (NASDAQ:GEN) and increased the price target from $28 to $30.
January 29, 2024 | 4:12 pm
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Morgan Stanley analyst Hamza Fodderwala reaffirmed an Overweight rating on Gen Digital and raised the price target to $30, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Hamza Fodderwala from Morgan Stanley typically signals a strong conviction in the company's future performance and growth potential. This can positively influence investor sentiment and potentially lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100