DA Davidson lowered the firm’s price target on Alight (ALIT) to $7 from $10 and keeps a Buy rating on the shares. The firm notes Alight reported Q2 results with total revenue and adjusted EBITDA 1% and 7% above its forecasts, respectively. Unfortunately, management lowered their total revenue guidance for 2025 due to delayed closing on new deals and a continuation of lower non-recurring project revenue, DA Davidson adds. Following the update, the firm has trimmed its 2025 to 2027 forecasts. DA Davidson views 2025 as a transition year when the team needs to reset expectations and start to re-build their track record of delivering solid quarterly results.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ALIT:
- Alight price target lowered to $6.50 from $10 at UBS
- Alight’s Strong Q2 Performance and Strategic Partnerships Bolster Buy Rating Despite Adjusted Revenue Outlook
- Alight Inc. Reports Q2 2025 Results and Strategic Wins
- Alight Inc’s Earnings Call: Strategic Gains Amid Challenges
- Alight reports Q2 adjusted EPS 10c, consensus 10c