Analysts Stay Positive on Alight (ALIT) Despite CFO Exit

Alight, Inc. (NYSE:ALIT) is 1 of the 10 Best US Penny Stocks to Buy. On December 19, Needham reiterated its Buy standing connected Alight, Inc. (NYSE:ALIT) but lowered its terms people from $4.5 to $3.5 connected the stock.

Also connected December 19, DA Davidson reiterated its Buy standing connected Alight, Inc. (NYSE:ALIT) with a terms people of $6. This update comes aft quality of the departure of the company’s CFO. Alight, Inc. (NYSE:ALIT) announced that its Chief Financial Officer, Jeremy Heaton, volition beryllium leaving the institution to prosecute an accidental extracurricular of the benefits medication industry.

According to the study by the company, Greg Giometti, who presently serves arsenic Alight, Inc.’s (NYSE:ALIT) Senior Vice President and Head of Financial Planning and Analysis, has been appointed Interim Chief Financial Officer. This assignment volition instrumentality effect connected January 9.

Giometti joined Alight, Inc. (NYSE:ALIT) successful 2020 and has taken connected roles with increasing work wrong the company’s concern team. Previously, Giometti besides held assorted concern positions astatine antithetic companies.

DA Davidson kept its affirmative presumption connected Alight, Inc. (NYSE:ALIT) contempt the CFO’s departure. The probe steadfast believes that the company’s caller CEO and interim CFO mightiness acceptable “conservatively low” expectations for near-term quarterly results. DA Davidson besides believes that the diminution successful the terms of the banal is “overdone.”

Alight, Inc. (NYSE:ALIT) is simply a starring cloud-based quality superior exertion and services provider. The company’s Alight Worklife level helps organizations negociate worker benefits similar healthcare, payroll, and wellbeing.

While we admit the imaginable of ALIT arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.