Alight, Inc. (NYSE:ALIT) is included among the 13 Most Promising Long-Term Stocks to Buy According to Hedge Funds. Alight (ALIT) Faces Sharp Price Target Cut from BofA on Weak Q1 Forecast Photo by Annie Spratt on Unsplash On February 23, BofA lowered its price recommendation on Alight, Inc. (NYSE:ALIT) to 50c from $1.40. The firm reiterated an Underperform rating on the shares. In a post-earnings note, the analyst said the “biggest surprise and negative takeaway” was the company’s weak Q1 revenue guidan ...

Core Viewpoint - Alight, Inc. (NYSE:ALIT) remains a favorable investment option despite recent leadership changes, with analysts maintaining positive ratings and price targets varying from $3.5 to $6 [1][2][5] Group 1: Analyst Ratings and Price Targets - Needham reiterated its Buy rating on Alight, Inc. but lowered its price target from $4.5 to $3.5 [1] - DA Davidson also maintained a Buy rating with a price target of $6, indicating confidence in the company's future despite the CFO's departure [2][5] Group 2: Leadership Changes - Alight, Inc. announced the departure of its CFO, Jeremy Heaton, who is leaving for an opportunity outside the benefits administration industry [2] - Greg Giometti, the Senior Vice President and Head of Financial Planning and Analysis, has been appointed as the Interim CFO, effective January 9 [3][4] Group 3: Company Overview and Market Position - Alight, Inc. is recognized as a leading cloud-based human capital technology and services provider, with its Alight Worklife platform assisting organizations in managing employee benefits [5] - Analysts believe that the stock's recent price decline is exaggerated, suggesting potential for recovery [5]