Gen Digital Inc.'s (GEN) LifeLock Software Expands Identity Protection Plans For Americans

Gen Digital Inc. (NASDAQ:GEN) is one of the 12 Cheap Technology Stocks to Invest In According to Hedge Funds.

On February 12, Gen Digital Inc. (NASDAQ:GEN) announced new products for its identity theft software, LifeLock, to expand identity protection that adapts to the complexity of Americans’ financial lives.

Identity theft has become a major problem, and the growing risk poses a major threat to a person’s financial life. LifeLock’s newly designed products will help clients overcome this issue and offer clearer, more comprehensive protection.

The new LifeLock plans range from basic to advanced, including Core, Advanced, and Total. These plans offer up to $1.05 million, $1.2 million, and $3 million in identity theft coverage, respectively. Apart from these offerings, these plans provide comprehensive credit and financial monitoring.

The new features also offer AI-powered and human-supported scam detection to prevent fraud. Apart from the million-dollar protection package, the company is also offering scam reimbursement of up to $5,000 and $10,000 for its Advanced and Total plans. On top of all these features, LifeLock will provide 24/7 Virtual Advisor support.

Of 14 analysts, 7 rate GEN a Buy and 7 a Hold. GEN has a consensus price target of $32.50, presenting an upside of over 45%.

Gen Digital Inc. (NASDAQ:GEN) is focused on providing cybersecurity solutions for individuals, families, and small businesses. The company offers identity protection and online privacy, along with other security management services.

While we acknowledge the potential of GEN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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