Citigroup resumed coverage on Alight with a new price target
$ALIT
Business Services
Consumer Discretionary
Citigroup resumed coverage of Alight with a rating of Buy and set a new price target of $12.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/20/2024 | $8.00 | Overweight → Neutral | JP Morgan |
| 1/5/2024 | $12.00 | Buy | Citigroup |
| 12/6/2023 | $12.00 | Buy | Canaccord Genuity |
| 11/7/2023 | $10.00 | Buy | UBS |
| 6/13/2023 | $12.00 | Buy | Citigroup |
| 12/9/2022 | $13.00 | Outperform | Wedbush |
| 12/6/2022 | $12.00 | Buy | Needham |
| 9/16/2022 | $15.00 | Overweight | KeyBanc Capital Markets |
– Revenue of $548 million – – 92% of projected 2025 revenue under contract – – Key wins with US Foods, Markel and Delek – – Full year 2025 financial outlook reaffirmed – Alight, Inc. (NYSE:ALIT), a leading cloud-based human capital and technology-enabled services provider, today reported results for the first quarter ended March 31, 2025. "Our first quarter performance met expectations and we are off to a strong start to the year," said CEO Dave Guilmette. "We continue to bolster our leading capabilities through a focus on client-centricity and delivering with excellence, including important advancements across our artificial intelligence and delivery initiatives. As our talented team
Alight, Inc. (NYSE:ALIT), a leading cloud-based human capital and technology-enabled services provider, today announced that its Board of Directors declared a regular quarterly cash dividend of $0.04 per share on outstanding Class A Common Stock, payable on June 16, 2025 to shareholders of record as of the close of business on June 2, 2025. About Alight Solutions Alight is a leading cloud-based human capital technology and services provider for many of the world's largest organizations and over 35 million people and dependents. Through the administration of employee benefits, Alight helps clients gain a benefits advantage while building a healthy and financially secure workforce by unifyin
– Fourth quarter revenue of $680 million – – ARR bookings growth of 18% to $114 million in 2024 – – Increased stock repurchase program by $200 million – – Announces Board of Directors leadership transition – – Introduces 2025 outlook with improved revenue growth rate, profit margins and cash flow – Alight, Inc. (NYSE:ALIT), a leading cloud-based human capital and technology-enabled services provider, today reported results for the fourth quarter and full year ended December 31, 2024. "Alight concluded a transformative year on a strong note, with fourth quarter results that met expectations and included recurring revenue expansion and strong cash flow," said CEO Dave Guilmette. "We enter 2
— William P. Foley, II, to step down as Chairman, will continue to serve as board member — — Industry-veteran Russell P. Fradin appointed Chairman of the Board — — Robert Schriesheim, Robert Lopes, Jr. and Mike Hayes named to Board of Directors — Alight, Inc. (NYSE:ALIT), a leading cloud-based human capital and technology-enabled services provider, today announced that its Board of Directors (the "Board") appointed Russell (Russ) P. Fradin as its Chairman of the Board of Directors, succeeding William P. Foley, II, who will continue to serve as a board member, effective March 1, 2025. In addition, Robert (Rob) Schriesheim, Robert (Bob) Lopes, Jr., and Mike Hayes have been appointed to th
Company and Starboard Enter into Cooperation Agreement Alight, Inc. (NYSE:ALIT) ("Alight" or the "Company"), a leading cloud-based human capital and technology services provider, today announced the appointment of Dave Guilmette and Coretha Rushing as independent directors to its Board of Directors (the "Board"), effective immediately. These appointments have been made in connection with a cooperation agreement (the "Agreement") entered into between Alight and Starboard Value LP (together with certain of its affiliates, "Starboard"), an investment firm which owns approximately 7.2% of the Company's outstanding common stock. In addition, as part of an ongoing effort to broaden board comp
Cannae Holdings, Inc. (NYSE:CNNE) ("Cannae" or the "Company") today announced that it has appointed Chairman William P. Foley II as Chief Executive Officer of the Company and Richard Massey as Vice Chairman of the Board. Mr. Massey will continue to work with Mr. Foley on investment opportunities. Mr. Foley will continue as Chairman of the Board and Ryan Caswell will continue as the President of the Company. William P. Foley, II, commented, "I am very excited to assume the role of Chief Executive Officer and continue working with Rick Massey and our portfolio management team while sourcing new private investments that offer outsized, risk-adjusted returns." About Cannae Holdings, Inc.
10-Q - Alight, Inc. / Delaware (0001809104) (Filer)
8-K - Alight, Inc. / Delaware (0001809104) (Filer)
DEFA14A - Alight, Inc. / Delaware (0001809104) (Filer)
– Revenue of $548 million – – 92% of projected 2025 revenue under contract – – Key wins with US Foods, Markel and Delek – – Full year 2025 financial outlook reaffirmed – Alight, Inc. (NYSE:ALIT), a leading cloud-based human capital and technology-enabled services provider, today reported results for the first quarter ended March 31, 2025. "Our first quarter performance met expectations and we are off to a strong start to the year," said CEO Dave Guilmette. "We continue to bolster our leading capabilities through a focus on client-centricity and delivering with excellence, including important advancements across our artificial intelligence and delivery initiatives. As our talented team
Alight, Inc. (NYSE:ALIT), a leading cloud-based human capital and technology-enabled services provider, today announced that its Board of Directors declared a regular quarterly cash dividend of $0.04 per share on outstanding Class A Common Stock, payable on June 16, 2025 to shareholders of record as of the close of business on June 2, 2025. About Alight Solutions Alight is a leading cloud-based human capital technology and services provider for many of the world's largest organizations and over 35 million people and dependents. Through the administration of employee benefits, Alight helps clients gain a benefits advantage while building a healthy and financially secure workforce by unifyin
Alight, Inc. (NYSE:ALIT) today announced it will release first quarter 2025 earnings results before market open on Thursday, May 8, 2025, and management will subsequently discuss the results on a webcast at 8:30 a.m. ET. The webcast and a presentation of financial information will be publicly available at Events & Presentations. Details of Webcast: Date: Thursday, May 8, 2025 Time: 8:30 a.m. ET Webcast and replay: Events & Presentations About Alight Solutions Alight is a leading cloud-based human capital technology and services provider for many of the world's largest organizations and over 35 million people and dependents. Through the administration of employee benefits, Alight he
SC 13D/A - Alight, Inc. / Delaware (0001809104) (Subject)
SC 13D/A - Alight, Inc. / Delaware (0001809104) (Subject)
SC 13G/A - Alight, Inc. / Delaware (0001809104) (Subject)
4 - Alight, Inc. / Delaware (0001809104) (Issuer)
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4 - Alight, Inc. / Delaware (0001809104) (Issuer)
4 - Alight, Inc. / Delaware (0001809104) (Issuer)
4 - Alight, Inc. / Delaware (0001809104) (Issuer)
JP Morgan downgraded Alight from Overweight to Neutral and set a new price target of $8.00
Citigroup resumed coverage of Alight with a rating of Buy and set a new price target of $12.00
Canaccord Genuity initiated coverage of Alight with a rating of Buy and set a new price target of $12.00