JMP Securities raised the firm’s price target on Alkami to $25 from $23 and keeps an Outperform rating on the shares. The company reported strong Q3 results, with 1M new digital years, revenue up 27% y/y and ARR growth of 29%, the analyst tells investors in a research note. Guidance was also good, and JMP views Alkami as an opportunity for long-term capital appreciation.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on ALKT:
- Alkami raises FY23 revenue view to $264M-$265M from $261.5M-$264.5M
- Alkami sees Q4 revenue $70.5M-$71.5M, consensus $70.54M
- Alkami reports Q3 EPS (16c), consensus (1c)
- Alkami Announces Third Quarter 2023 Financial Results
- Alkami management to meet with Craig Hallum
Questions or Comments about the article? Write to editor@tipranks.com