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Argus Research Cuts Price Target on Gen Digital Inc. (GEN) Citing Impact From Tech Selloff
Argus Research has lowered its price target for Gen Digital Inc. (GEN) to $32 from $35 due to the current tech selloff, while still maintaining a Buy rating. Analyst Joseph Bonner believes the company’s fundamentals are sound and concerns about AI agents threatening cybersecurity software are overstated. Gen Digital, known for brands like Norton and LifeLock, also recently partnered with Vercel to integrate safety checks for AI skill packages.