Goldman Sachs Downgrades Alkami Technology to Neutral, Raises Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Adam Hotchkiss has downgraded Alkami Technology (NASDAQ:ALKT) from Buy to Neutral, while also raising the price target from $23 to $27.

January 23, 2024 | 11:05 am
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Alkami Technology was downgraded by Goldman Sachs from Buy to Neutral, although the price target was raised from $23 to $27.
The downgrade to Neutral suggests that Goldman Sachs sees limited upside potential for Alkami Technology, which could temper investor enthusiasm. However, the increase in the price target to $27 indicates a belief that the stock still has room to grow, albeit at a slower pace than previously anticipated. This mixed signal may lead to a neutral short-term impact on the stock price as the market digests both pieces of information.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100