In a report released today, Jeff Van Rhee from Craig-Hallum maintained a Buy rating on Alkami Technology (ALKT – Research Report), with a price target of $30.00. The company’s shares closed yesterday at $25.81.
According to TipRanks, Van Rhee is a 5-star analyst with an average return of 11.7% and a 51.89% success rate. Van Rhee covers the Technology sector, focusing on stocks such as Cellebrite DI, Rimini Street, and Alkami Technology.
Currently, the analyst consensus on Alkami Technology is a Moderate Buy with an average price target of $27.89, representing an 8.06% upside. In a report released today, JMP Securities also maintained a Buy rating on the stock with a $30.00 price target.
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Based on Alkami Technology’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $67.7 million and a GAAP net loss of $15.48 million. In comparison, last year the company earned a revenue of $53.41 million and had a GAAP net loss of $20.05 million
Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is neutral on the stock. Most recently, in December 2023, Stephen Bohanon, the Chief Strategy & Product Offr of ALKT bought 20,000.00 shares for a total of $46,800.00.
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Alkami Technology (ALKT) Company Description:
Alkami Technology Inc is a cloud-based digital banking platform. It provides financial institutions a complete digital banking solution ready to facilitate both retail and business user onboarding, engagement, and account servicing.
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