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Investing.com - DA Davidson has reiterated its Buy rating on Alight Solutions (NYSE:ALIT) while maintaining its $6.00 price target, representing a significant upside from the current price of $2.20.
The research firm’s decision follows Alight’s announcement that its Board of Directors has appointed Rohit Verma as the company’s new Chief Executive Officer and a member of its Board.
Verma currently serves as President and Chief Executive Officer of Crawford & Company (NYSE:CRD.B), where he is also a member of the Board of Directors.
DA Davidson’s analyst note specifically mentioned the leadership change while confirming the firm’s continued positive outlook on the stock.
The firm maintained its Buy recommendation on Alight Solutions with the unchanged $6 price target, indicating confidence in the company’s direction under the incoming leadership. InvestingPro analysis shows the company is slightly undervalued, with analysts expecting profitability this year despite recent challenges. For deeper insights and additional ProTips on Alight, check out the comprehensive Pro Research Report available for this stock.
In other recent news, Alight, Inc. announced a leadership change with Rohit Verma set to take over as CEO on January 1, 2026. Verma, currently the CEO of Crawford & Company, will also join Alight’s Board of Directors as Dave Guilmette steps down at the end of 2025. In financial updates, DA Davidson adjusted its price target for Alight to $6.00 from $7.00, maintaining a Buy rating. This decision follows Alight’s third-quarter results, where revenue came in slightly below forecasts, though adjusted EBITDA exceeded expectations by 9%. Meanwhile, Archrock Inc. reported a strong third quarter for 2025, with a net income of $71 million and an increase in its quarterly dividend. Despite these positive results, Archrock faces challenges in meeting future earnings expectations. The company also outlined strategic plans for growth and infrastructure development in the natural gas sector. These developments reflect ongoing shifts and challenges within these companies.
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