Needham initiated coverage on Alight with a new price target
$ALIT
Business Services
Consumer Discretionary
Needham initiated 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 |
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
144 - Alight, Inc. / Delaware (0001809104) (Subject)
144 - Alight, Inc. / Delaware (0001809104) (Subject)
144 - Alight, Inc. / Delaware (0001809104) (Subject)
4 - Alight, Inc. / Delaware (0001809104) (Issuer)
4 - Alight, Inc. / Delaware (0001809104) (Issuer)
4 - Alight, Inc. / Delaware (0001809104) (Issuer)
4 - Alight, Inc. / Delaware (0001809104) (Issuer)
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.
Available through the Alight Worklife® platform, Alight Employee Onboarding helps employers create a comprehensive employee experience from pre-hire to onboarding, increasing engagement and first-year retention to unlock value for both employers and employees. Alight, Inc. (NYSE:ALIT), a leading cloud-based human capital and technology services provider, today announced the availability of Alight Employee Onboarding (AEO), a new solution designed to transform the onboarding experience. When onboarding new hires, employers and their HR teams are driven to reduce candidate ghosting, increase offer acceptance, boost new hire engagement and reduce attrition within the first year. Compoundin
SC 13G/A - Alight, Inc. / Delaware (0001809104) (Subject)
SC 13G/A - Alight, Inc. / Delaware (0001809104) (Subject)
SC 13G - Alight, Inc. / Delaware (0001809104) (Subject)
Alight's new Teams integration, developed in collaboration with Avanade, enables employers to deliver a seamless, connected employee experience Alight, Inc. (NYSE:ALIT), a leading cloud-based human capital and technology-enabled services provider and Avanade, a leading Microsoft expert, today announced a collaboration to integrate Alight Worklife ® with Microsoft Teams. This novel integration empowers employers to further enhance their employee's benefits experience by providing seamless access to benefits and wellbeing information directly within the Teams platform. The application will be available to employers who utilize both Teams and Alight Worklife, beginning with the next releas
– Initiates quarterly dividend program – – Revenue of $555 million – – Key wins with Hewlett Packard Enterprise, Nokia and Siemens – – Repurchased $75 million of common stock – – Raises revenue guidance range – Alight, Inc. (NYSE:ALIT), a leading cloud-based provider of integrated digital human capital and business solutions, today reported results for the third quarter ended September 30, 2024. "Alight delivered third quarter results that exceeded our expectations on both revenue and profitability," said CEO Dave Guilmette. "As the market-leading services provider for employee benefits and wellbeing, Alight is uniquely positioned to guide the world's largest and most complex cl
Alight's 2024 International Workforce and Wellbeing Mindset Study finds benefits are a critical factor influencing employee retention Amid economic instability, layoffs and increasing burnout, many workers are seeking support from their employers that extends beyond compensation, according to the 2024 Alight International Workforce and Wellbeing Mindset Study. With only 44% of respondents rating their wellbeing positively, a seven-point decline from last year's study, employees are expressing a need for greater support to enhance their overall wellbeing. The findings from this year's study reveal the decline affects all dimensions of workers' wellbeing across their professional, social, f
8 analysts have shared their evaluations of Alight (NYSE:ALIT) during the recent three months, expressing a mix of bullish and bearish perspectives. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 4 0 0 0 Last 30D 0 1 0 0 0 1M Ago 3 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 1 3 0 0 0 In the assessment of 12-month price targets, analysts unveil insights for Alight, presenting an average target of $11.31, a high estimate of $14.00, and a low estimate of $9.50. A decline of 6.68% from the prior average pri
Keybanc analyst Scott Schoenhaus maintains Alight (NYSE:ALIT) with a Overweight and lowers the price target from $11 to $10.
Needham analyst Kyle Peterson reiterates Alight (NYSE:ALIT) with a Buy and maintains $11 price target.
– Initiates quarterly dividend program – – Revenue of $555 million – – Key wins with Hewlett Packard Enterprise, Nokia and Siemens – – Repurchased $75 million of common stock – – Raises revenue guidance range – Alight, Inc. (NYSE:ALIT), a leading cloud-based provider of integrated digital human capital and business solutions, today reported results for the third quarter ended September 30, 2024. "Alight delivered third quarter results that exceeded our expectations on both revenue and profitability," said CEO Dave Guilmette. "As the market-leading services provider for employee benefits and wellbeing, Alight is uniquely positioned to guide the world's largest and most complex cl
– Announces CEO succession plan – – Continuing operations BPaaS revenue increased 13% – – 97% of 2024 Revenue Under Contract – – Key wins with UPS, Wayfair, American Honda Motor Company & The Adecco Group – – Completed cloud migration program and fully decommissioned data center – – Repurchased $80 million of common stock – Alight, Inc. (NYSE:ALIT), a leading cloud-based provider of integrated digital human capital and business solutions, today reported results for the second quarter ended June 30, 2024. "Alight is entering its next chapter following the accomplishment of several key strategic milestones including its recent divestiture," said CEO Stephan Scholl. "As a simplif
– Continuing operations BPaaS revenue increased 21% – – Cash from operations increased by 39% to $100 million – – $3.1 billion of total company revenue under contract for 2024 – –Announced agreement to sell Payroll and Professional Services business for up to $1.2 billion, on track for closing mid-year 2024 – – Announced promotion of Greg Goff to President and Jeremy Heaton to Chief Financial Officer with Katie Rooney focusing on supporting the closure of the Payroll and Professional Services divestiture – Alight, Inc. (NYSE:ALIT), a leading cloud-based provider of integrated digital human capital and business solutions, today reported results for the first quarter ended March 31,