In the last three months, 7 analysts have published ratings on Alkami Technology (NASDAQ:ALKT), offering a diverse range of perspectives 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 | 2 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 2 | 2 | 2 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $44.43, a high estimate of $54.00, and a low estimate of $39.00. Surpassing the previous average price target of $38.71, the current average has increased by 14.78%.
Understanding Analyst Ratings: A Comprehensive Breakdown
The perception of Alkami Technology by financial experts is analyzed through recent analyst actions. 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 |
|---|---|---|---|---|---|
| Alexei Gogolev | JP Morgan | Raises | Overweight | $45.00 | $42.00 |
| Adam Hotchkiss | Goldman Sachs | Raises | Neutral | $39.00 | $34.00 |
| Patrick Walravens | JMP Securities | Raises | Market Outperform | $46.00 | $41.00 |
| Saket Kalia | Barclays | Raises | Equal-Weight | $41.00 | $35.00 |
| Jeff Van Rhee | Craig-Hallum | Raises | Buy | $45.00 | $38.00 |
| Mayank Tandon | Needham | Raises | Buy | $54.00 | $43.00 |
| Patrick Walravens | JMP Securities | Raises | Market Outperform | $41.00 | $38.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Alkami Technology. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Alkami Technology compared to the broader market.
- Price Targets: Analysts predict movements in price targets, offering estimates for Alkami Technology's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Alkami Technology's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on Alkami Technology analyst ratings.
All You Need to Know About Alkami Technology
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's Financial Performance
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: Alkami Technology displayed positive results in 3 months. As of 30 September, 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 stands out with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of -10.99%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -2.84%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Alkami Technology's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -2.29%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: With a below-average debt-to-equity ratio of 0.06, Alkami Technology adopts a prudent financial strategy, indicating a balanced approach to debt management.
How Are Analyst Ratings Determined?
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per 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.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
