Gen Digital stock forecast 2027–2029

MyStockButler's October 2026 analysis: The weighted scenario is $21.65 in October 2027 and $31.62 in October 2029, including dividends. It hinges on whether MoneyLion growth can coexist with lower leverage.

Where could Gen Digital's shares be by October 2029?

Our weighted price is $21.65 in October 2027, a 24% loss including dividends. It reaches $31.62 in October 2029, a 13% gain including dividends. The bear probability is 25%. The base probability is 55%. The bull probability is 20%.

The range is wide because cash flow and the valuation multiple can move together. By October 2029, the bear case gives $8.13, while the bull case gives $58.89. The probability mix is 25% bear, 55% base and 20% bull.

What has to go right or wrong for Gen Digital?

That first value is below the trailing $1,539 million because working capital and tax timing have made recent cash conversion unusually uneven. The first half generated $753 million, up 47% year over year, while FY2024 benefited from an $899 million tax refund. The bear case falls to $1,150 million, stays there for a year and reaches $1,185 million; the bull case starts at $1,500 million and grows 9% annually to $1,782 million. The bear reflects Instacash losses, partner sharing and acquisition costs; the bull requires stronger bookings, retention and cross-sell.

How much cash does Gen Digital really make?

Stock compensation complicates that measure. Gen awarded employees shares valued at $237 million. No equivalent cash left the company that year, but existing shareholders were diluted. Deducting the award leaves analytical “real free cash flow” of $1,286 million, or 25.7% of revenue.

What does an investor pay for Gen Digital today?

The current share price is $29.13 and the current cash-flow multiple is 16.1x. That starting point matters because the base case begins slightly below it, while the bull case requires a rerating.