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 expansion into financial wellness services by acquiring MoneyLion.
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. broaden its platform and benefit from cross-selling and upselling opportunities.
Gen Digital Inc. is a global company that offers products and services in cybersecurity, online privacy, identity protection, and financial wellness.
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This article is originally published at Insider Monkey.