Evaluating Alkami Technology: Insights From 6 Financial Analysts
Across the recent three months, 6 analysts have shared their insights on Alkami Technology (NASDAQ:ALKT), expressing a variety of opinions spanning from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 3 | 1 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 1 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 1 | 2 | 1 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Alkami Technology, presenting an average target of $30.0, a high estimate of $32.00, and a low estimate of $27.00. Marking an increase of 11.11%, the current average surpasses the previous average price target of $27.00.
Investigating Analyst Ratings: An Elaborate Study
The analysis of recent analyst actions sheds light on the perception of Alkami Technology by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Mayank Tandon | Needham | Raises | Buy | $32.00 | $30.00 |
| Patrick Walravens | JMP Securities | Maintains | Market Outperform | $30.00 | - |
| Patrick Walravens | JMP Securities | Raises | Market Outperform | $30.00 | $25.00 |
| Alexei Gogolev | JP Morgan | Raises | Overweight | $31.00 | $27.00 |
| Saket Kalia | Barclays | Raises | Equal-Weight | $27.00 | $26.00 |
| Mayank Tandon | Needham | Maintains | Buy | $30.00 | - |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Alkami Technology. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Alkami Technology compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of Alkami Technology's stock. This comparison reveals trends in analysts' expectations over time.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Alkami Technology's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on Alkami Technology analyst ratings.
Get to Know Alkami Technology Better
Alkami Technology Inc is a cloud-based digital banking solutions provider. Alkami Platform, allows FIs to onboard and engage new users, accelerate revenues and meaningfully improve operational efficiency with the support of a proprietary, true cloud-based, multi-tenant architecture.
Breaking Down Alkami Technology's Financial Performance
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Growth: Over the 3 months period, Alkami Technology showcased positive performance, achieving a revenue growth rate of 28.5% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: Alkami Technology's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of -17.81%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Alkami Technology's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -3.93%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Alkami Technology's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -2.88%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Alkami Technology's debt-to-equity ratio is below the industry average. With a ratio of 0.06, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
How Are Analyst Ratings Determined?
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.