Across the recent three months, 8 analysts have shared their insights on Alkami Technology ALKT, expressing a variety of opinions spanning from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 3 | 3 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 1 | 1 | 1 | 0 | 0 |
| 2M Ago | 0 | 0 | 1 | 0 | 0 |
| 3M Ago | 1 | 2 | 0 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $25.38, along with a high estimate of $30.00 and a low estimate of $21.00. This current average reflects an increase of 16.1% from the previous average price target of $21.86.
Diving into Analyst Ratings: An In-Depth Exploration
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 |
|---|---|---|---|---|---|
| Adam Hotchkiss | Goldman Sachs | Raises | Neutral | $27.00 | $23.00 |
| Josh Beck | Keybanc | Raises | Overweight | $26.00 | $21.00 |
| Mayank Tandon | Needham | Raises | Buy | $30.00 | $24.00 |
| Saket Kalia | Barclays | Raises | Equal-Weight | $26.00 | $22.00 |
| Charles Nabhan | Stephens & Co. | Announces | Equal-Weight | $24.00 | - |
| Patrick Walravens | JMP Securities | Raises | Market Outperform | $25.00 | $23.00 |
| Alexei Gogolev | JP Morgan | Raises | Overweight | $21.00 | $19.00 |
| Mayank Tandon | Needham | Raises | Buy | $24.00 | $21.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Alkami Technology. This offers insight into analysts' perspectives on 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 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.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Alkami Technology's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Alkami Technology analyst ratings.
Delving into Alkami Technology's Background
Alkami 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: Financial Performance Dissected
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Alkami Technology displayed positive results in 3 months. As of 30 September, 2023, the company achieved a solid revenue growth rate of approximately 26.76%. 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: Alkami Technology's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -22.86%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Alkami Technology's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of -4.8%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Alkami Technology's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -3.24%, 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 0.32, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Analyst Ratings: Simplified
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically 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.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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