Alight Inc. (NYSE:ALIT) is a must-buy penny stock to buy now. On November 6, analysts on Wall Street reiterated a “Buy” rating on the stock, despite Alight Inc. (NYSE:ALIT) delivering disappointing third-quarter financial results. UBS analyst Kevin McVeigh maintained a Buy rating on the stock, with a $4 price target. Peter Heckmann of D.A. Davidson echoed a Buy rating, also with a $6 price target.
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The positive stance comes on the heels of Alight delivering a 4% decline in Q3 2025 revenue to $533 million, attributed to lower project revenue, net commercial activity, and $$ million from the impact of Payroll and Professional Services business divestment. Loss from continuing operations widened to $1.25 billion, compared to a loss of $53 million in the same quarter last year.
Amid the disappointing results, Chief Executive Dave Guilmette echoed the progress the company is making and its long-term outlook.
“We have seen a favorable step-change in accelerating our client management and delivery capabilities, and reimagining the client and participant experience in line with our long-term strategy. Through our AI and automation investments and rapidly expanding partner collaborations, we are bringing immediate benefits to clients and strengthening our competitive advantages for the long run,” said CEO Dave Guilmette.
Likewise, the board of directors has approved a quarterly dividend of $0.04 per share, payable on December 15, to shareholders of record as of December 1. Likewise, management has reaffirmed its full-year outlook, expecting revenue to be between $2,252 million and $2,282 million, with adjusted EPS between $0.54 and $0.58.
Alight, Inc. (NYSE:ALIT) is a cloud-based human capital and technology services provider that helps large organizations manage their employee benefits and human resources. It offers solutions for health, wealth, and wellbeing, as well as managing employee leaves, and uses its Alight Worklife platform to provide personalized benefits administration and data-driven insights to a global client base.
While we acknowledge the potential of Alight Inc. (NYSE:ALIT) as an investment, 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 the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
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