22 New Undervalued Stocks Identified by Morningstar

Weekly stock valuation changes from Morningstar have identified 22 new 4-star stocks, down from last week's total of undervalued names. Among them are Amazon (AMZN), UnitedHealth Group (UNH), Texas Instruments (TXN), Arista Networks (ANET), and Analog Devices (ADI).

The 4-star rating indicates that these companies' stock prices have fallen below their estimated fair value, making them undervalued opportunities. The full list of new 4-star stocks can be found on the Morningstar website.

The valuation changes were based on a screen of US-listed stocks under Morningstar's coverage for newly undervalued names. The results show that among the 879 US-listed stocks covered, 34% are undervalued, 44% are fairly valued, and 22% are overvalued.