The American edition of Fast Company named NortonLifeLock Inc. (NLOK) as one of the top companies in innovation in 2021. Over the past 12 months, NLOK stock’s share price rose 25.25%. Over the past five trades, the stock gained 7.97%, and over the past 30 trades, it gained 2.18% as well. However, the share price decreased -7.95% in the last six months, and 11.73% has been added to its price over the previous three months.
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The NortonLifeLock company has been included in the list of the world’s most innovative security companies belonging to the «The ten most innovative security companies of 2021». The companies on this list have developed successfully and contributed to global processes. One example is Moderna Inc. (NASDAQ: MRNA), whose mRNA platform was used to develop a COVID-19 vaccine rapidly.
Companies such as NortonLifeLock Inc. (NLOK) created new trends in the information security business. As video games became increasingly popular in 2020, millions of people worldwide will be turning to them as a way to make time in silence. At the same time, cybercriminals become more active on the Internet and attack game accounts, among other things. The black market for virtual assets and accounts used within videogames can be extremely expensive and have bank accounts linked to them.
NortonLifeLock Inc. (NLOK) has developed an application called Norton 360 that continuously monitors the Web for cyber threats and identifies stolen data posted on the dark Web to fight cyberattacks. More than 60 potential threat alerts have been sent out by Norton 360 since Norton 360 in June of last year. In-game transactions, including in-game transactions, are sure to increase consumer engagement with gaming ecosystems.
Analyst Opinion ForNortonLifeLock
In a Wall Street Journal survey, the average recommendation for NortonLifeLock Inc. (NLOK) stock is “Overweight” out of a total of 12 brokerages currently covering the stock. One equities research analyst has rated the stock with an “Overweight” recommendation, five analysts have given this stock a “Buy” recommendation, six analysts have recommended that investors “Hold” this stock, and no analysts have given this stock a “Sell” rating and no analyst suggested “Underweight.” Analysts’ average 1-year price target, among all the brokerages, is $25.88.
