Forecasting The Future: 5 Analyst Projections For Alkami Technology
Alkami Technology (NASDAQ:ALKT) has been analyzed by 5 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 1 | 1 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 1 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 2 | 1 | 0 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $31.2, with a high estimate of $32.00 and a low estimate of $30.00. Surpassing the previous average price target of $30.00, the current average has increased by 4.0%.
Exploring Analyst Ratings: An In-Depth Overview
The standing of Alkami Technology among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Saket Kalia | Barclays | Raises | Equal-Weight | $31.00 | $28.00 |
| Mayank Tandon | Needham | Maintains | Buy | $32.00 | $32.00 |
| Jeff Van Rhee | Craig-Hallum | Raises | Buy | $31.00 | $30.00 |
| Mayank Tandon | Needham | Raises | Buy | $32.00 | $30.00 |
| Patrick Walravens | JMP Securities | Maintains | Market Outperform | $30.00 | $30.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Alkami Technology. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Alkami Technology compared to the broader market.
- Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Alkami Technology's market position. Stay informed and make data-driven decisions with the assistance of 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.
Alkami Technology: Delving into Financials
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: Alkami Technology displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately 26.89%. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower 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 -15.02%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Alkami Technology's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -3.53%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Alkami Technology's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -2.87%, the company may face hurdles 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 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?
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.