Alkami Technology ALKT has been analyzed by 5 analysts in the last three months, revealing a range of viewpoints from bullish to bearish.
The table below summarizes the most recent ratings, shows the change in sentiment over the past 30 days and compares it to the previous month.
Bullish Slightly Bullish Indifferent Slightly Bearish Bearish Total Rating 3 1 1 0 0 Last 30 days 0 0 1 0 0 1 month ago 1 0 0 0 0 2 months ago 0 0 0 0 0 3 months ago 2 1 0 0 0
Analysts’ ratings of 12-month price targets provide further insight with an average target of $31.2, a high estimate of $32.00, and a low estimate of $30.00. It is above the previous average price target of $30.00, with the current average representing an increase of 4.0%.
Explore analyst ratings: A detailed overview
Alkami Technology’s standing among financial experts becomes clear with a thorough analysis of recent analyst action. The summary below outlines the key analysts, their recent assessments, and adjustments to their ratings and target price.
Analyst Analyst Firm Action Taken Rating Current Target Price Previous Target Price Saket Kalia Barclays upgrades Equal Weight $31.00 $28.00 Mayank Tandon Needham maintains Buy $32.00 $32.00 Jeff Van Rhee Craig-Hallum upgrades Buy $31.00 $30.00 Mayank Tandon Needham upgrades Buy $32.00 $30.00 Patrick Walravens JMP Securities maintains Market Outperform $30.00 $30.00
Key insights:
Response: Analysts frequently update their recommendations based on changing market conditions and company performance. Whether an analyst’s stance is “hold”, “upgrade” or “downgrade”, it reflects their reaction to recent developments related to Alkami Technology. This information is a snapshot of how analysts perceive the current state of the company. Ratings: Analysts reveal their insights and provide qualitative insights on the stock’s performance, ranging from “outperform” to “underperform”. These ratings convey expectations for Alkami Technology’s relative performance compared to the overall market. Price Targets: Analysts set price targets as their estimate of the future value of a stock. Comparing the current price target with the previous price target will show how analysts’ expectations have changed over time. This information is useful for investors trying to understand the consensus on the stock’s potential future performance.
Analyzing these analysts’ ratings along with relevant financial metrics will give you a comprehensive picture of Alkami Technology’s market position. Use our rating table to stay informed and make data-driven decisions.
Stay up to date with analyst ratings for Alkami Technology.
Learn more about Alkami Technology
Alkami Technology Inc is a cloud-based digital banking solutions provider. The Alkami platform enables financial institutions to onboard and engage new users, accelerate revenue, and dramatically improve operational efficiency with the support of a unique, truly cloud-based, multi-tenant architecture.
Alkami Technology: A deeper look into the financials
Market Cap Analysis: With a strong presence, the company’s market cap is above the industry average, reflecting its substantial size and strong market recognition.
Revenue Growth: Alkami Technology has shown a strong performance over the three-month period. As of March 31, 2024, the company achieved a robust revenue growth rate of about 26.89%, which indicates a notable increase in the company’s sales revenue. Compared to its industry peers, the company is lagging behind with a lower growth rate than the average of its peers in the information technology sector.
Net Profit Margins: Alkami Technology’s net profit margins are below the industry standard, suggesting that it may be difficult to achieve high profitability. With a net profit margin of -15.02%, the company may face challenges in effectively managing costs.
Return on Equity (ROE): Alkami Technology’s ROE is below the industry average, indicating that maximizing return on equity is a challenge. With an ROE of -3.53%, the company may face obstacles in achieving optimal financial performance.
Return on Assets (ROA): Alkami Technology’s ROA is below the industry average, indicating difficulties in maximizing returns from its assets. With an ROA of -2.87%, the company may face obstacles in achieving optimal financial performance.
Debt Management: Alkami Technology’s debt to equity ratio is below the industry average. With a ratio of 0.06, the company has a lower reliance on debt financing and maintains a healthier balance between debt and equity, which is viewed favorably by investors.
How are analyst ratings determined?
The ratings are made by analysts who report on a particular stock or a particular sector, or by experts within the banking and financial system (usually once a quarter for each stock). Analysts usually make their decisions based on information from company conference calls and meetings, financial statements, and conversations with key insiders.
Some analysts also provide forecasts of metrics such as growth projections, earnings, and sales to provide further advice on the stock. Investors who use analyst ratings should keep in mind that such expert advice is human and subject to error.
This article was generated by Benzinga’s automated content engine and has been reviewed by an editor.
