From Yahoo Finance: 2025-03-30 16:49:00

Alight Inc. (NYSE: ALIT) is among the top cloud computing stocks under $10. Cloud computing delivers services like servers and software over the internet, reducing costs and increasing scalability. Gartner projects that 90% of organizations will adopt hybrid cloud by 2027, with spending on public cloud services expected to reach $723 billion in 2025.

Goldman Sachs’s Eric Sheridan highlighted the growth potential of AI and cloud computing. Alight Inc. (ALIT) stands out with its cloud-based human capital solutions. The company aims for annual organic revenue growth of 4-6% and cumulative free cash flow of $1 billion by 2027. Needham analyst Kyle Peterson reiterates a Buy rating with a $9 price target.

Alight Inc. (ALIT) presents a promising investment opportunity in cloud computing. The company’s mid-term targets aim for significant growth, with a long-term total addressable market projected at $50 billion. ALIT’s strategy focuses on enhancing decision-making and employee engagement using data analytics and AI.



Read more at Yahoo Finance: Is Alight Inc. (ALIT) the Best Cloud Computing Stock to Buy Under $10?