Is Gen Digital (GEN) One of the Best Dirt Cheap Stocks to Buy?

Gen Digital Inc. (NASDAQ:GEN) is one of the 11 Dirt Cheap Stocks to Buy According to Analysts. On October 3, Jefferies reiterated its Hold rating on Gen Digital Inc. (NASDAQ:GEN) with a price target of $31.

Jefferies highlighted some risks in the short term, especially related to Gen Digital Inc.’s (NASDAQ:GEN) expansion into financial wellness services by acquiring MoneyLion.

Is Gen Digital (GEN) One of the Best Dirt Cheap Stocks to Buy?

Despite the short-term challenges that come with the MoneyLion acquisitions, Jefferies believes that in the long term this deal will help Gen Digital Inc. (NASDAQ:GEN) broaden its platform and benefit from cross-selling and upselling opportunities.

Gen Digital Inc. (NASDAQ:GEN) is a global company that offers products and services in cybersecurity, online privacy, identity protection, and financial wellness.

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Disclosure: None. This article is originally published at Insider Monkey.