DA Davidson Reiterates Buy Rating for Alight, Inc. (ALIT)
DA Davidson maintains its buy rating on Alight with a $2.00 target, a 242.47% upside from the current price.
Key Points
- DA Davidson reiterated its buy rating for Alight, Inc. (NYSE:ALIT) on June 22, 2026, with a price target of $2.00.
- DA Davidson's $2 price target implies 242.47% upside from Alight, Inc.'s ($ALIT) current $0.58 share price.
- Shares of Alight traded near $0.61 on Monday, with a market cap of about $299.8 million and a 52-week range of $0.48 to $6.11.
- Institutional investors like BlackRock and D. E. Shaw have increased their stakes in Alight, while insiders have been actively buying shares.
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DA Davidson reiterated its buy rating on Alight, Inc. (NYSE:ALIT) with a price target of $2.00. This announcement came on June 22, 2026, as shares traded around $0.61 on Monday.
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Other Institutional Activity in Alight, Inc.
Several institutional investors have been active in Alight, Inc. BlackRock, Inc. increased its holdings by 4,347,694 shares, ending with 40,298,165 shares valued at about $23.5 million, reflecting a 12.1% increase. D. E. Shaw & Co., Inc. more than doubled its position, adding 13,183,298 shares for a total of 25,569,847 shares worth approximately $14.9 million, marking a 106.4% increase. Two Sigma Investments, LP also ramped up its stake significantly, acquiring 19,527,815 shares to hold 21,761,591 shares valued at $12.7 million, a massive 874.2% increase.
Alight, Inc. Stock Down 95.8%
Shares of Alight, Inc. (NYSE:ALIT) traded near $0.61 on Monday. The company has a market capitalization of around $299.8 million. Alight's forward P/E ratio stands at 1.94, and it has a beta of 1.61, indicating higher volatility compared to the market. The stock has a 52-week low of $0.48 and a high of $6.11, with a 50-day moving average of $0.75 and a 200-day moving average of $1.71. The company's current ratio is 1.416, and its quick ratio is 0.857, with a debt-to-equity ratio of 205.539.
$ALIT price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Alight, Inc. reported revenue of $2.25 billion, though it experienced a slight revenue decline of 2.6%. The company has a net margin of -137.5% and a return on equity of -117.1%, indicating ongoing financial challenges. The next earnings report is expected on August 5, 2026.
Dividend
Alight, Inc. offers an annual dividend rate of $0.16, translating to a substantial yield of 16.84%. Despite the attractive yield, the company's payout ratio is 0.0%, suggesting it does not distribute dividends from its earnings.
Insider Buying and Selling at Alight, Inc.
Recent insider activity at Alight, Inc. shows several key executives buying shares. On June 15, 2026, CFO Stephen Andrew Lasher acquired 4,910,106 shares. Earlier, on May 1, 2026, Dinesh Tulsiani, President of Employer Solutions, bought 1,250,000 shares and an additional 1,598,669 shares. CTO Naveen Baweja purchased 1,250,000 shares and an additional 1,233,168 shares on April 29, 2026. These transactions were not part of a 10b5-1 trading plan.
Analysts Set New Price Targets
On June 22, 2026, DA Davidson maintained its buy rating on Alight, Inc. with a price target of $2.00. The consensus among analysts is a buy rating, with an average target price of $2.20 based on four analyst opinions.
About Alight, Inc.
Alight, Inc. is a technology-enabled services company based in Chicago, Illinois. Founded in 2020, it provides cloud-based employee engagement platforms like Alight Worklife, which helps manage benefits, healthcare, financial wellbeing, and more. The company also offers AI-led software capabilities and customer care services that support the entire lifecycle of health, wealth, and wellbeing management. Alight is led by CEO Mr. Rohit Verma.
Bottom Line
DA Davidson's reiteration of its buy rating for Alight, Inc. with a $2.00 target reflects continued confidence in the company's potential. Institutional investors have shown interest, with significant stake increases from major funds. While the company's financials show challenges, the high dividend yield and insider buying activity draw attention. As always, remember that analyst ratings and 13F filings are backward-looking and may not reflect current positions.
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