Needham Reiterated a Buy Rating on Alight, Inc (ALIT)

Alight, Inc. (NYSE:ALIT) is one of the Best Tech Stocks to Buy Under $20. On June 20, Kyle Peterson from Needham reiterated a Buy rating on Alight, Inc. (NYSE:ALIT) with a price target of $8.

The positive sentiment comes after the analyst met the company’s top management, including the CFO and CEO. He noted that the top management showed their strong commitment to improve client relationships and is also working with third-party evaluators. Peterson also highlighted growth opportunities, noting that Alight, Inc. (NYSE:ALIT) has the potential in leave management services. The company plans to use Generative AI to increase operational efficiency, which the analyst believes can boost future profits.

Needham Reiterated a Buy Rating on Alight, Inc (ALIT)

A person viewing their financial progress on a computer, highlighting the financial health offerings of the company.

Alight, Inc. (NYSE:ALIT) provides cloud-based human capital management solutions to organizations.

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.