Gen Digital Inc
GEN: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$41.00 | Rnn | Nnmbxlv |
No-Moat NortonLifeLock Locks in Another Solid Quarter; Increase FVE to $24; Shares Fairly Valued
We are raising our fair value estimate for no-moat NortonLifeLock to $24 per share from $21 due to slightly increased growth expectations over our forecast period and the time value of money as we roll our financial model. While we remain concerned about no-moat NortonLifeLock’s competitive landscape, we see potential growth opportunities for the firm via international expansion and increased utilization of partner channels.