Stephens & Co. Downgrades Alkami Technology to Equal-Weight, Announces $24 Price Target
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Charles Nabhan has downgraded Alkami Technology (NASDAQ:ALKT) from Overweight to Equal-Weight and set a price target of $24. This reflects a change in the firm's outlook on the stock, suggesting a more neutral stance.

December 07, 2023 | 2:04 pm
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Alkami Technology was downgraded by Stephens & Co. from Overweight to Equal-Weight with a new price target of $24, indicating a neutral outlook on the stock.
The downgrade from Overweight to Equal-Weight by a reputable analyst firm like Stephens & Co. typically suggests that the stock may not have as much upside potential as previously thought. The setting of a price target provides a specific expectation for the stock's future performance. However, since the price target is not specified as being higher or lower than the current trading price, the score is neutral.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100