Alight Solutions (ALIT) PT Lowered to $6 at DA Davidson

DA Davidson analyst Peter Heckmann lowered the price target on Alight Solutions (NYSE: ALIT) to $6.00 (from $7.00) while maintaining a Buy rating.

The analyst commented, "Alight reported 3Q results with total revenue just below our forecasts, but adjusted EBITDA 9% above our forecasts. With results, management lowered the midpoints of their 2025 total revenue and adjusted EBITDA forecasts for the second time this year. Following the update, we have trimmed our 2025 to 2027 forecasts again, trimming our annual revenue forecasts by roughly 1%-2% each and lowering our annual adjusted EBITDA forecasts by an average of 3%. We are maintaining our BUY rating on Alight but lowering our price target to $6 (from $7)."

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