Where Alkami Technology Stands With Analysts
Portfolio Pulse from Benzinga Insights
Over the past 3 months, 4 Wall Street analysts have provided ratings on Alkami Technology (NASDAQ:ALKT), with an average 12-month price target of $23.5, a high of $25.00, and a low of $21.00. The current average price target represents an 11.9% increase from the previous target of $21.00. The ratings include 1 bullish, 2 somewhat bullish, and 1 indifferent. Analysts typically review stocks quarterly or after major company updates, using financial predictions and company risk assessments.
December 07, 2023 | 3:00 pm
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POSITIVE IMPACT
Alkami Technology's stock may see a positive short-term impact due to the increased average price target of $23.5, up 11.9% from the previous target, and predominantly bullish analyst ratings.
The increase in the average price target and the majority of bullish ratings suggest that analysts see potential in Alkami Technology's stock performance. This optimism can influence investor sentiment and potentially lead to a short-term increase in the stock price. However, as analyst ratings are subject to human error and are based on predictions, the confidence level is not at the maximum.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100