DA Davidson Reiterates Buy Rating on Alight Solutions (ALIT) as Company Announces Stock Split

DA Davidson analyst Peter Heckmann reiterated a Buy rating and $2.00 price target on Alight Solutions (NYSE: ALIT).

The analyst commented, "Alight announced its Board of Directors has approved 1-for-20 reverse stock split of Alight’s outstanding common shares (including Class A, B and V) to become effective after the market close on Tuesday, June 30th. Earlier this month, the company announced that Stephen A. (Steve) Lasher will join the Company as Chief Financial Officer, effective June 15th. With major changes to Alight’s senior management team over the last six months, we view 2026 as a transition year when the team needs to re-set expectations and start to re-build their track record of delivering solid quarterly results."

For an analyst ratings summary and ratings history on Alight Solutions click here. For more ratings news on Alight Solutions click here.

Shares of Alight Solutions closed at $0.57 yesterday.

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