Wedbush analyst Daniel Ives maintains $Alight (ALIT.US)$ with a buy rating, and adjusts the target price from $10 to $11.
According to TipRanks data, the analyst has a success rate of 53.7% and a total average return of 4.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Alight (ALIT.US)$'s main analysts recently are as follows:
Alight's Q3 results surpassed consensus forecasts for both revenue and EBITDA, marking a positive turn after a period of inconsistent performance. The initiation of a new dividend by the board, along with a continued dedication to share repurchases, is viewed as a strategic approach to return capital to shareholders and enhance shareholder value.
Following a robust outperformance and upward revision in the first quarter under the leadership of the new CEO, analysts perceive that the company is on a course towards stable, profitable expansion in the upcoming years, with projections of over 60% growth in the pipeline. It is anticipated that margins will increment by a minimum of 100 basis points each year for the foreseeable future, aiming for approximately 30% post 2026.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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