1. Alight, Inc. (NYSE:ALIT)
Share Price: $1.60
Stock Upside Potential: 161.43%
Number of Hedge Fund Holders: 39
Alight, Inc. (NYSE:ALIT) is one of the best NYSE penny stocks to buy now. On January 22, Alight, Inc. (NYSE:ALIT) confirmed it has engaged former chief strategy officer Dinesh Tulsiani. The company has entered into a consulting agreement with Tulsiani to provide advisory services.
The initial term of the consulting agreement is three months, with Tulsiani expected to receive a monthly retainer of $100,000 and reimbursement on reasonable business-related expenses. The initial term of the agreement is three months, after which it is to be renewed on a monthly basis unless terminated.
The consulting agreement comes against the backdrop of Alight expanding its AI collaboration with IBM to advance benefits administration and employee experiences. The multiyear collaboration entails deploying IBM Watsonx across Alight’s offerings to advance the company’s digital transformation and deliver hyper-personalized benefits support.
On January 8, KeyBanc cut its price target for Alight to $2.50 from $6 but kept an Overweight rating, noting that while HCIT stocks faced a volatile year, many showed a “year of inflection” with estimate revisions and valuations bottoming. The firm expects momentum to continue but warns that competition and regulatory pressures may weigh on multiples.
Alight, Inc. (NYSE:ALIT) announced it will release Q4 and full-year 2025 earnings before market open on February 19, 2026.
Alight, Inc. is a leading cloud-based provider of human capital and technology-enabled services, focusing on employee benefits administration, health, wealth, and well-being. Through its Alight Worklife® platform, the company leverages AI and data analytics to help over 35 million people make informed decisions regarding their benefits, pay, and financial wellness.
While we acknowledge the potential of ALIT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ALIT and that has 100x upside potential, check out our report about this cheapest AI stock.
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