Barclays analyst Saket Kalia raised the firm’s price target on Gen Digital to $28 from $27 and keeps an Overweight rating on the shares. The analyst likes the company’s share setup into the Q4 report. The firm is “pounding the table” on Gen, as it thinks COVID subscriber churn has lapped, web traffic looks strong, the SOFR curve has gotten more favorable, and the company could see follow-through going into the fiscal 2025 guide next quarter.
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