Powell speech takes center stage in Tuesday’s economic events
Alight stock (ALIT), currently trading at $3.06 with a market capitalization of $1.62 billion, has reached near its 52-week low of $3.04. According to InvestingPro analysis, the stock appears slightly undervalued at current levels. This marks a significant downturn for the company, which has seen its stock value decrease by 57.28% over the past year. Despite the sharp decline, the company maintains a notable 5.03% dividend yield and trades at an attractive Price-to-Book ratio of 0.52. The stock’s current challenges have caught analysts’ attention, with targets ranging from $4.50 to $11.00, suggesting potential upside. InvestingPro subscribers can access 10+ additional investment insights and a comprehensive Pro Research Report for deeper analysis of ALIT’s prospects.
In other recent news, Alight Solutions reported strong second-quarter results, with revenue and adjusted EBITDA surpassing expectations. DA Davidson maintained its Buy rating on Alight, citing these robust earnings and setting a price target of $10.00. Similarly, Needham acknowledged the company’s solid performance, although it adjusted its price target to $6.00 due to growth concerns, while keeping a Buy rating.
In other developments, Alight appointed Stephen Rush as Chief Commercial Officer, effective October 8, 2025. Rush will lead the global commercial sales and marketing strategy, aiming to accelerate growth across all solution lines. Additionally, Alight announced a partnership with Sword Health, integrating its AI care platform into the Alight Worklife platform. This collaboration seeks to offer employers cost-saving solutions and provide employees with personalized tools for musculoskeletal and mental health care. DA Davidson also reiterated a Buy rating with a $7.00 price target, despite reducing long-term revenue and EBITDA forecasts slightly.
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