10 Best Cloud Computing Stocks to Buy Under $10

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1. Alight Inc. (NYSE:ALIT)

Current Share Price: $5.92

Number of Hedge Fund Holders: 42

On the top of our list of 10 Best Cloud Computing Stocks Under $10, we have Alight Inc. (NYSE:ALIT), which provides cloud-based human capital technology and solutions. The company specialises in delivering cloud-based services that help organisations manage their employee benefits, payroll, and HR processes efficiently. The company’s platform integrates data analytics and artificial intelligence to enhance decision-making and improve employee engagement.

On March 20, 2025, Alight Inc. (NYSE:ALIT) hosted its investor day and unveiled its mid-term financial targets and strategy for long-term growth. Compared to its 2024 revenue of $2.4 billion, the company estimates its existing client opportunity at $9 billion. However, its long-term total addressable market (TAM) is projected at a substantial $50 billion.

With that opportunity, Alight aims for a total annual organic revenue growth of 4-6% and an adjusted EBITDA margin of around 30% by 2027. Additionally, it targets a cumulative free cash flow of around $1 billion between 2025 and 2027, implying double-digit annual growth.

Needham analyst Kyle Peterson reaffirmed a Buy rating on Alight Inc. (NYSE:ALIT) with a $9 price target following the event. He remained optimistic as the company unveiled updated medium-term financial targets that met market expectations while maintaining an ambitious outlook to appeal to investors. The analyst believes Alight’s discounted valuation further strengthens the positive outlook.

While we acknowledge the potential of ALIT to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ALIT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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