NortonLifeLock Outlines Accelerated Long-Term Growth Strategy
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NortonLifeLock (NLOK) Gets a Two-Notch Upgrade at BofA After Management Presented Ambitious Targets for Sustained Growth for Sales and EPS
May 12, 2021 8:34 AM EDTYesterday, NortonLifeLock Inc (NASDAQ: NLOK) held its Analyst Day, in which the management rolled out ambitious 3-5 yr targets for sustained 10%+ revenue growth and doubling EPS.
Following the event, BofA Securities analyst Tal Liani delivered a two-level upgrade for NLOK, lifting the rating to Buy from Underperform. The analyst also raised the price target to $30.00 per share from $19.00 per share.
We were previously concerned about low growth and weak sales channels, yet the company demonstrated improvements on multiple fronts such as better growth, which was directly correlated with the... More
