Analyst Kyle Peterson of Needham reiterated a Buy rating on Alight (ALIT – Research Report), reducing the price target to $9.00.
Kyle Peterson’s rating is based on several compelling factors. Despite recent setbacks, such as a decline in stock performance and mixed demand signals, Peterson believes that these issues are not indicative of Alight’s long-term potential. The stock’s underperformance relative to the S&P 500 suggests that market fears may be overstated.
Furthermore, the current valuation, with an EV/FY26 EBITDA multiple of 7.7x, presents a favorable risk-reward profile for growth-at-a-reasonable-price (GARP) investors. Although Peterson has slightly lowered revenue and EBITDA estimates for FY25, he maintains that the overall investment thesis remains strong, thus reinforcing the Buy rating with an adjusted target of $9.
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Alight (ALIT) Company Description:
Foley Trasimene Acquisition Corp is a blank check company.
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