Expert Outlook: Alkami Technology Through The Eyes Of 8 Analysts
Portfolio Pulse from Benzinga Insights
Eight analysts have recently provided their opinions on Alkami Technology (NASDAQ:ALKT), with sentiments ranging from bullish to indifferent. Over the past three months, the number of bullish and somewhat bullish ratings has decreased, while indifferent ratings have increased. The average 12-month price target for ALKT has been raised to $25.38, up 16.1% from the previous target of $21.86. Analysts from firms like Goldman Sachs, Keybanc, Needham, Barclays, Stephens & Co., JMP Securities, and JP Morgan have raised their price targets, reflecting a positive outlook on the company's performance. Alkami, a provider of cloud-based digital banking solutions, has shown a strong revenue growth rate of 26.76% as of September 30, 2023, but struggles with a net margin of -22.86% and an ROA of -3.24%, although it has an exceptional ROE of -4.8% and a low debt-to-equity ratio of 0.32.
January 23, 2024 | 1:00 pm
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Analysts have raised the 12-month price target for Alkami Technology to $25.38, indicating a bullish sentiment. The company has shown strong revenue growth but faces profitability challenges.
The increase in the average price target by analysts suggests a positive outlook on Alkami Technology's stock in the short term. The strong revenue growth rate is a positive indicator, but the low net margin and ROA may temper investor enthusiasm. The unanimous decision by analysts to raise price targets, however, indicates a strong consensus on the stock's potential upside.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100