Alkami price target raised to $46 from $41 at JMP Securities

JMP Securities raised the firm’s price target on Alkami (ALKT) to $46 from $41 and keeps an Outperform rating on the shares. The company reported better than expected Q3 results, with 915,000 new digital users and the fifth consecutive quarter of positive adjusted EBITDA, the analyst tells investors in a research note. The firm continues to view Alkami as an excellent opportunity for long-term capital appreciation.