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Investing.com - DA Davidson reduced its price target on Alight Solutions (NYSE:ALIT) to $6.00 from $7.00 on Thursday while maintaining a Buy rating following the company’s third-quarter results. The new target still represents significant upside potential from the current price of $2.51, with ALIT trading near its 52-week low of $2.39 after falling 62.9% year-to-date.
The human resources and business solutions provider reported third-quarter revenue slightly below DA Davidson’s forecasts, though adjusted EBITDA came in 9% above expectations. Despite recent challenges, InvestingPro data shows analysts expect Alight to be profitable this year with an EPS forecast of $0.61 for FY2025.
Alight management lowered the midpoints of both its 2025 total revenue and adjusted EBITDA forecasts for the second time this year, prompting the analyst firm to revise its outlook.
DA Davidson trimmed its 2025 to 2027 revenue forecasts by approximately 1%-2% annually and reduced adjusted EBITDA forecasts by an average of 3% per year.
Despite the reduced price target, DA Davidson maintained its Buy rating on Alight stock, suggesting continued confidence in the company’s long-term prospects despite the near-term forecast adjustments.
In other recent news, Archrock Inc. announced robust financial results for the third quarter of 2025, reporting a net income of $71 million. The company also increased its quarterly dividend, signaling confidence in its financial health. However, Archrock indicated potential challenges in meeting future earnings expectations, which investors may want to monitor. The earnings call outlined strategic plans for growth, particularly in infrastructure development within the natural gas sector. These developments are part of Archrock’s ongoing efforts to strengthen its market position. While the company’s financial performance was strong, analysts might focus on how Archrock addresses the anticipated challenges in future quarters. Investors will be keen to see how these strategies unfold in the coming months.
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