KeyCorp Reduces Target Price for Alight from $15 to $12

August 13, 2023

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On Thursday, KeyCorp released a research note announcing that it has reduced its target price for Alight ($NYSE:ALIT) Solutions (ALIGHT) from $15.00 to $12.00. Alight is a leading provider of integrated cloud-based human capital and business solutions. Alight helps organizations of all sizes unlock their people’s potential by providing innovative and comprehensive HR, benefits, payroll, talent, and finance solutions.

Its solutions are tailored to the needs of each client, with an emphasis on scalability, flexibility, and anticipation of new market demands. As one of the most comprehensive providers of cloud-based HR solutions, Alight is poised to continue innovating and transforming the future of HR.

Stock Price

On Monday, ALIGHT experienced a decrease in its stock price of 1.4%, closing at 8.4 after opening at 8.4. In light of this, KeyCorp reduced its target price for ALIGHT from $15 to $12. This reduction, while significant, is not surprising considering the current market conditions.

With the prospect of economic uncertainty and declining investor confidence, stock prices in many industries have been decreasing, including ALIGHT’s. As a result, KeyCorp’s most recent action is a logical response to the current market environment. Live Quote…

About the Company

  • Alight_from_15_to_12″>Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Alight. More…

    Total Revenues Net Income Net Margin
    3.33k -237 -6.2%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Alight. More…

    Operations Investing Financing
    330 -245 -165
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Alight. More…

    Total Assets Total Liabilities Book Value Per Share
    10.77k 5.82k 9.13
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Alight are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    7.1% -2.8%
    FCF Margin ROE ROA
    5.2% -1.3% -0.5%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    At GoodWhale, we recently conducted an analysis of ALIGHT‘s financials. After our review, we have concluded that ALIGHT is a medium risk investment in terms of both financial and business aspects. We have detected two risk warnings in their balance sheet and cashflow statement which we would encourage investors to take into account before considering an investment. To view these risk warnings, you must become a registered user of GoodWhale. Our team is available to answer any questions and provide additional information about ALIGHT’s financials as needed. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis




  • Peers

    Its competitors include Smartsheet Inc., Intapp Inc., and Xero Ltd.

    – Smartsheet Inc ($NYSE:SMAR)

    Smartsheet Inc is a publicly traded company with a market capitalization of 4.2 billion as of 2022. The company has a return on equity of -29.14%. Smartsheet is a provider of cloud-based software that enables users to collaborate on projects and workflows. The company’s software is used by businesses of all sizes, in a variety of industries, including construction, education, financial services, healthcare, manufacturing, and technology.

    – Intapp Inc ($NASDAQ:INTA)

    Intapp is a publicly traded company with a market capitalization of $1.33 billion as of 2022. The company has a negative return on equity of 25.04%. Intapp provides software and services that enable law firms and other professional services organizations to operate more efficiently and effectively. The company’s products are used by more than 2,000 firms around the world, including 50 of the Global 100 law firms.

    – Xero Ltd ($ASX:XRO)

    Xero Ltd is a cloud-based accounting software company. The company has a market capitalization of 11.1 billion as of 2022 and a return on equity of 2.38%. Xero was founded in 2006 and is headquartered in Wellington, New Zealand. The company’s accounting software is used by small and medium-sized businesses around the world.

    Summary

    Investors in Alight Solutions Corporation (ALGT) received some bad news on Thursday when KeyCorp lowered its target price for the company from $15.00 to $12.00. This dropped the stock price of ALGT to a new low and raised questions about its future performance. Analysts have suggested that ALGT may struggle to maintain its current earnings potential, and this recent price cut may be a sign of further trouble down the line. Investors should monitor ALGT closely to ensure they are making wise decisions about their investments in the company.

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