Goldman Sachs downgraded Alkami Technology to Neutral from Buy with a price target of $27, up from $23. The analyst believes the stock’s risk/reward has moderated with the shares up 48% over the last six months. While the firm continues to view Alkami as a high-quality bank technology asset with a sustainable, 25% medium-term growth opportunity, it looks for indicators of growth reacceleration or more significant EBITDA margin expansion to support valuations that justify a Buy rating at current levels.
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