Alight - ALIT Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Alight in the last year. There are currently 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ALIT shares.
View ALIT analyst ratings or view top-rated stocks.

5 equities research analysts have issued 1-year target prices for Alight's stock. Their ALIT share price forecasts range from $10.00 to $15.00. On average, they anticipate the company's stock price to reach $12.86 in the next year. This suggests a possible upside of 35.8% from the stock's current price.
View analysts price targets for ALIT or view top-rated stocks among Wall Street analysts.

Alight's stock was trading at $8.36 at the start of the year. Since then, ALIT shares have increased by 13.3% and is now trading at $9.47.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
View our ALIT earnings forecast.

Alight, Inc. (NYSE:ALIT) posted its earnings results on Thursday, November, 3rd. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.02. The company had revenue of $750 million for the quarter, compared to analysts' expectations of $737.57 million. Alight had a net margin of 2.46% and a trailing twelve-month return on equity of 3.65%. The firm's revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 earnings per share.

Alight issued an update on its FY 2022 earnings guidance on Thursday, November, 10th. The company provided earnings per share guidance of $0.54-$0.60 for the period, compared to the consensus estimate of $0.49. The company issued revenue guidance of $3.09 billion-$3.12 billion, compared to the consensus revenue estimate of $3.10 billion.

(ALIT) raised $752 million in an IPO on Friday, March 22nd 2019. The company issued 32,000,000 shares at a price of $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 served 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 DAVENPORT & Co LLC (2.17%), Wedge Capital Management L L P NC (0.40%), Sycomore Asset Management (0.14%), Comerica Bank (0.11%), Phocas Financial Corp. (0.09%) and Natixis Advisors L.P. (0.03%). Insiders that own company stock include Holdings I/Ii Gp L Blackstone, Holdings LP Blackstone III, Richard N Massey and William P Foley II.
View institutional ownership trends.

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.
Compare Top Brokerages Here.

One share of ALIT stock can currently be purchased for approximately $9.47.

Alight (NYSE:ALIT) has a market capitalization of $5.26 billion and generates $2.92 billion in revenue each year. The company earns $-60,000,000.00 in net income (profit) each year or $0.16 on an earnings per share basis.

The company employs 16,000 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.