Alight shares attractively valued, says DA Davidson

DA Davidson analyst Peter Heckmann keeps a Buy rating and $14 price target on Alight with a positive view of its position as a "leading provider" of integrated human capital solutions for mid/large corporations while offering high levels of recurring revenue from a blue-chip customer base and solid margins. The stock is attractively valued, and the valuation should move higher as the company builds a track record as a public company and investors become more familiar with the story, the analyst tells investors in a research note.