Gen Digital initiated with a Buy at UBS

UBS analyst Roger Boyd initiated coverage of Gen Digital (GEN) with a Buy rating and $36 price target UBS expects Gen Digital to be able to deliver a double digit EPS growth compound annual growth rate through fiscal 2027, supported by topline growth within the company’s mid-single-digit guidance and consistent operating expense control, the analyst tells investors in a research note. The firm sees Gen Digital as well-positioned to grow at or above the consumer cybersecurity market with leadership in the identity theft protection space, significant brand awareness, and an expanding portfolio, and subscriber growth and partner revenue offering the two biggest levers for growth upside in the near-term.