Alight (ALIT) Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Alight in the last twelve months. There are currently 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ALIT shares.
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6 brokers have issued twelve-month price objectives for Alight's shares. Their ALIT share price forecasts range from $12.00 to $16.00. On average, they predict the company's share price to reach $13.00 in the next year. This suggests a possible upside of 73.6% from the stock's current price.
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Alight's stock was trading at $8.36 at the start of the year. Since then, ALIT stock has decreased by 10.4% and is now trading at $7.49.
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Alight saw a increase in short interest in the month of August. As of August 15th, there was short interest totaling 22,710,000 shares, an increase of 18.4% from the July 31st total of 19,180,000 shares. Based on an average trading volume of 2,460,000 shares, the days-to-cover ratio is presently 9.2 days. Currently, 6.4% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our ALIT earnings forecast.

Alight, Inc. (NYSE:ALIT) released its quarterly earnings data on Tuesday, August, 1st. The company reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.01. The business earned $806 million during the quarter, compared to the consensus estimate of $796.54 million. Alight had a positive trailing twelve-month return on equity of 3.32% and a negative net margin of 7.12%.

iShares Russell 2000 Value ETF holds 3,752,129 shares of ALIT stock, representing 0.31% of its portfolio.

Alight updated its FY 2023 earnings guidance on Wednesday, September, 20th. The company provided earnings per share guidance of $0.62-$0.67 for the period, compared to the consensus estimate of $0.64. The company issued revenue guidance of $3.47 billion-$3.51 billion, compared to the consensus revenue estimate of $3.50 billion.

(ALIT) raised $752 million in an IPO on Friday, March 22nd 2019. The company issued 32,000,000 shares at $22.00-$25.00 per share. BofA Merrill Lynch, J.P. Morgan, Morgan Stanley, Barclays Capital, BMO Capital Markets, Citigroup Global, Credit Suisse, Deutsche Bank Securities and Goldman Sachs acted as the underwriters for the IPO and Blackstone Capital Markets, CIBC World Markets, PNC Capital Markets, Baird, KeyBanc Capital Markets, Macquarie Capital, Stephens, Stifel, Academy Securities, BTIG, Loop Capital Markets, Ramirez and Siebert Cisneros Shank were co-managers.

Alight trades on the New York Stock Exchange (NYSE) under the ticker symbol "ALIT."

Alight's stock is owned by a number of institutional and retail investors. Top institutional shareholders include ArrowMark Colorado Holdings LLC (4.98%), BlackRock Inc. (4.65%), DAVENPORT & Co LLC (2.13%), River Road Asset Management LLC (1.64%), State Street Corp (1.43%) and Geode Capital Management LLC (1.29%). Insiders that own company stock include Holdings I/Ii Gp L Blackstone, Holdings LP Blackstone III, Richard N Massey and William P Foley II.
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Shares of ALIT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ALIT stock can currently be purchased for approximately $7.49.

Alight (NYSE:ALIT) has a market capitalization of $4.17 billion and generates $3.13 billion in revenue each year. The company earns $-62,000,000.00 in net income (profit) each year or ($0.50) on an earnings per share basis.

The company employs 18,000 workers across the globe.

Alight's mailing address is 1701 VILLAGE CENTER CIRCLE, LAS VEGAS NV, 89134. The official website for the company is alight.com. The company can be reached via phone at 224-737-7000 or via email at investor.relations@alight.com.