Wedbush analyst Daniel Ives maintained a Hold rating on NortonLifeLock (NASDAQ:NLOK) on Friday, setting a price target of $23, which is approximately 12.58% above the present share price of $20.43.
Ives expects NortonLifeLock to post earnings per share (EPS) of $4.58 for the second quarter of 2020.
The current consensus among 5 TipRanks analysts is for a Hold rating of shares in NortonLifeLock, with an average price target of $22.33.
The analysts price targets range from a high of $23 to a low of $21.
In its latest earnings report, released on 12/31/2019, the company reported a quarterly revenue of $618 million and a net profit of $160 million. The company's market cap is $12.57 billion.
According to TipRanks.com, Wedbush analyst Daniel Ives is a 5-star analyst with an average return of 6.6% and a 59.5% success rate.
NortonLifeLock, Inc. engages in the provision of security, storage, and systems management solutions. It operates through Enterprise Security and Consumer Digital Safety segments. The Enterprise Security segment focuses on the provision of solutions to protect organizations so they can securely conduct business while leveraging new platforms and data. The Consumer Digital Safety segment provides solutions to protect information, devices, networks and the identities of consumers. The company was founded by Gary Hendrix in April 1982 and is headquartered in Mountain View, CA.