Shares of human capital management provider Alight rose 1.4% in afternoon trading after DA Davidson reiterated its Buy rating and $2.00 price target on the stock. The analyst's reaffirmation followed Alight's announcement of a 1-for-20 reverse stock split, a move sometimes used to regain compliance with exchange listing requirements. DA Davidson's price target represents significant potential upside from recent levels, and the analyst noted that 2026 is viewed as a transition year following major senior management changes over the previous six months. The positive sentiment was also supported by Alight's strong first-quarter 2026 results, where the company surpassed both earnings and revenue expectations. After the initial pop, shares cooled to $0.56, down 1.4% from the prior close.
Alight IncDA Davidson reiterated Buy rating and $2.00 price target, and Alight beat Q1 2026 earnings and revenue expectations.
International Business Machines