Analysts Give Alkami Technology, Inc. (NASDAQ:ALKT) a “Moderate Buy” Rating

Alkami Technology, Inc. has received a “Moderate Buy” rating from analysts, with a 12-month price target of $28.56. Several research firms have issued buy recommendations for the company, with price targets ranging from $30.00 to $35.00. Recently, there have been insider transactions, including the sale of shares by the CFO and a director. Hedge funds have also shown interest in Alkami Technology, with some purchasing new positions in the company. The company’s stock has seen a 3.0% increase and currently has a market capitalization of $3.26 billion. Alkami Technology reported positive earnings results in May, with revenue up 26.8% year-over-year. The company offers cloud-based digital banking solutions in the US, allowing financial institutions to onboard new users, increase revenues, and improve operational efficiency. Analysts forecast that Alkami Technology will post -0.38 EPS for the current year. With a beta of 0.47, the company has a 52-week range of $14.93 to $34.47. Investors and analysts are closely monitoring the performance and future prospects of Alkami Technology as it continues to grow in the digital banking sector.

Source
Photo credit www.defenseworld.net