Wedbush analyst Daniel Ives raised the firm’s price target on Alight to $13 from $11 and keeps an Outperform rating on the shares. The firm cites a higher confidence in the BPaas deal flow and growth trajectory into 2024. The company has spent the past three years completing its SaaS transition to better position itself to capture demand while focusing on improving its margin profile as Alight sees more upsell opportunities and the emergence of AI creating more opportunities moving forward, Wedbush adds.
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