Needham Reaffirms Buy on Alight (ALIT) with $4.50 PT

Core Insights - Alight Inc. (NYSE:ALIT) is considered one of the best stocks under $3 to invest in, with a Buy rating maintained by Needham and a price target of $4.50 [1] - Citi has lowered its price target for Alight from $11 to $8.50 while maintaining a Buy rating, citing growth delays but noting a growing backlog and confidence in margin expansion [2] - D.A. Davidson also maintains a Buy rating on Alight with a price target of $7.00, highlighting the company's technology-enabled services and its Alight Worklife platform [3] Company Performance - Alight's backlog continues to grow, indicating potential for future revenue despite current growth delays [2] - The company is focused on margin expansion, which is a positive sign for long-term profitability [2] Analyst Ratings - Needham has a price target of $4.50 for Alight, reflecting a positive outlook [1] - D.A. Davidson sets a higher price target of $7.00, indicating confidence in the company's growth potential [3] - Citi's revised price target of $8.50 suggests a cautious but still optimistic view on the stock [2]