Citi analyst Peter Christiansen maintains $Alight (ALIT.US)$ with a buy rating, and maintains the target price at $11.
According to TipRanks data, the analyst has a success rate of 62.0% and a total average return of 8.5% 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 exceeded consensus forecasts on revenue and EBITDA, marking a positive shift after several quarters of inconsistent performance. Additionally, the initiation of a new dividend by the board, alongside a sustained commitment to share repurchases, is perceived as a strategic approach to return capital to shareholders and enhance shareholder value.
Following a robust first quarter performance, it is believed that the company is on a steady course for stable and profitable growth in the coming years, with the pipeline predicted to grow by more than 60%. It is anticipated that margins will increase by a minimum of 100 basis points each year for the foreseeable future, with expectations of reaching approximately 30% post 2026.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
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.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
