Alight (ALIT) Charts New Course with AI and Strategic Partnerships

Alight, Inc. (NYSE:ALIT) is one of the best Robinhood penny stocks to invest in. On September 4, Alight Inc. participated in Citi’s Global Technology, Media and Telecommunications Conference, where it detailed its strategic shift toward employee benefits services.

Alight (ALIT) Charts New Course with AI and Strategic Partnerships

This transition follows the company’s decision to divest its payroll and professional services divisions. Despite a 2% downward revision in guidance, leadership remained optimistic, targeting 4–6% growth and emphasizing partnerships with firms like Goldman Sachs. AI is central to Alight’s transformation, aimed at improving employee experience and internal operations, with current revenue retention at 93.5% and a goal to return to 98%.

Alight reported a $2.1 billion recurring revenue base and highlighted a 35% increase in its finalist-stage sales pipeline. Its Work Life platform now serves 35 million participants, with expansion plans involving Microsoft and IBM. The company is focused on diversifying its revenue streams beyond traditional fees, with the execution of AI and strategic partnerships seen as key drivers of future performance.

Alight, Inc. (NYSE:ALIT) is a global tech-enabled services firm offering Alight Worklife, a cloud-based platform for employee engagement. Its services span benefits administration, healthcare navigation, financial wellness, and AI-driven tools, supported by a full-service customer care center that manages the entire health and wealth lifecycle.

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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Disclosure: None. This article is originally published at Insider Monkey.