Needham upbeat on Alight Solutions stock in light of HIG deal

The deal, valued at $1 billion in cash along with $200 million in seller notes contingent on the financial performance of 2025, is with HIG Capital. Alight Solutions expects the transaction to …

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Needham Upbeat On Alight Solutions Stock In Light Of HIG Deal

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The deal, valued at $1 billion in cash along with $200 million in seller notes contingent on the financial performance of 2025, is with HIG Capital. Alight Solutions expects the transaction to …

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Alight Solutions (ALIT) PT Raised To $11 At Needham

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3 days ago · (Updated - November 13, 2024 7:13 AM EST) Needham analyst Kyle Peterson raised the price target on Alight Solutions (NYSE: ALIT) to $11.00 (from $9.00) while …

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Alight Price Target Raised To $11 From $9 At Needham - Nasdaq

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3 days ago · Needham raised the firm’s price target on Alight (ALIT) to $11 from $9 and keeps a Buy rating on the shares. The company’s Q3 results beat consensus forecasts on both …

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Needham Maintains Buy Rating On Alight Solutions Shares

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Sep 30, 2024 · Monday, Needham reiterated a Buy rating and a price target of $9.00 on Alight Solutions (NYSE:ALIT). The firm's analyst highlighted the company's renewed focus on …

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Needham Sticks To Their Buy Rating For Alight (ALIT)

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Jan 9, 2023 · In a report released today, Kyle Peterson from Needham maintained a Buy rating on Alight (ALIT – Research Report), with a price target of $12.00. The company’s shares closed …

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Alight Poised For Growth With Strategic Focus And Financial …

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Sep 30, 2024 · Analyst Kyle Peterson from Needham reiterated a Buy rating on Alight (ALIT – Research Report) and keeping the price target at $9.00.. Kyle Peterson has given his Buy …

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Alight’s Strategic Divestiture And Financial ... - Markets Insider

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Mar 21, 2024 · Based on these considerations, Peterson has not only reiterated a Buy rating but also increased the target price for Alight’s stock to $13, signaling confidence in the company’s …

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Needham Upbeat On Alight Solutions Stock In Light Of HIG Deal

1 week from now

The deal, valued at $1 billion in cash along with $200 million in seller notes contingent on the financial performance of 2025, is with HIG Capital. Alight Solutions expects the transaction to …

investing.com

$9.00
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Needham Maintains Buy Rating On Alight Solutions Shares

1 week from now

Monday, Needham reiterated a Buy rating and a price target of $9.00 on Alight Solutions (NYSE:ALIT). The firm's analyst highlighted the company's renewed focus on customer …

investing.com

$9.00
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Alight (NYSE:ALIT) Stock Price Expected To Rise, Needham

1 week from now

1 day ago · Alight (NYSE:ALIT – Free Report) had its price objective boosted by Needham & Company LLC from $9.00 to $11.00 in a report issued on Wednesday morning,Benzinga …

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Buy Rating Maintained For Alight Despite Short-Term Challenges ...

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May 8, 2024 · Needham analyst Kyle Peterson reiterated a Buy rating on Alight (ALIT – Research Report) today and set a price target of $11.00. Kyle Pete...

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Needham Reiterates Buy Rating On Alight Solutions (ALIT)

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September 30, 2024 7:13 AM EDT Tweet Send to a Friend. Needham analyst Kyle Peterson reiterated a Buy rating and $9.00 price target on Alight Solutions (NYSE: ALIT).The analyst …

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Beyond The Numbers: 6 Analysts Discuss Alight Stock

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Mar 21, 2024 · In the assessment of 12-month price targets, analysts unveil insights for Alight, presenting an average target of $12.33, a high estimate of $13.00, and a low estimate of $11.00.

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FAQs about Needham upbeat on Alight Solutions stock in light of HIG deal Coupon?

Why did Kyle Peterson give a Buy rating on alight stock?

Needham analyst Kyle Peterson has reiterated their bullish stance on ALIT stock, giving a Buy rating yesterday. Kyle Peterson has given his Buy rating due to a combination of factors surrounding Alight’s recent strategic financial move. ...

Is alight selling its 'project-based cloud deployment & consulting services'?

We must also consider that it is selling this business segment for about $1.2 billion representing 22.6% of the company’s market cap- currently at $5.32 billion. That said, Alight is giving up its “project-based cloud deployment and consulting services” as part of its Professional/ Payroll solutions. ...

What is alight's deal with HIG Capital?

Alight’s deal with H.I.G Capital is intended to not only provide capital and debt financing for the company but also grow its strategic partnership base. Alight will remain with its most profitable business segment- the Employer Solutions segment. ...

How does alight make money?

Alight's main revenue sources are employer solutions and professional/payroll services, with employer solutions accounting for 87% of gross profit in Q4 2023. The deal with HIG Capital is expected to be finalized in H2 2024, and Alight plans to use the proceeds for debt repayment, reinvestment, and share buybacks. ...

What is the average price target for alight?

In the assessment of 12-month price targets, analysts unveil insights for Alight, presenting an average target of $12.33, a high estimate of $13.00, and a low estimate of $11.00. Surpassing the previous average price target of $11.50, the current average has increased by 7.22%. ...

Why did Blackstone buy Alight Solutions?

After its formation in 2017, Alight Solutions (then the benefits outsourcing segment of Aon Hewitt) was acquired by Blackstone, a private equity group to increase its revenue opportunity in technology-enabled human capital business. ...