Needham Maintains Buy Rating for Alkami Technology: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Needham has reaffirmed its Buy rating on Alkami Technology (NASDAQ:ALKT) and increased its price target from $24.00 to $30.00. Alkami's shares are currently trading at $22.81, and the new price target suggests a potential upside of 31.52%. Alkami provides cloud-based digital banking solutions and operates on a proprietary, true cloud-based, multi-tenant architecture.
January 05, 2024 | 5:00 pm
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Needham maintains a Buy rating on Alkami Technology and raises the price target to $30, suggesting a significant upside from the current price.
The reaffirmation of a Buy rating and an increased price target by a reputable analyst firm like Needham is a strong positive signal for investors, often leading to increased investor confidence and potential stock price appreciation in the short term.
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