tiprankstipranks
The Fly

Alkami upgraded to Overweight from Equal Weight at Stephens

Alkami upgraded to Overweight from Equal Weight at Stephens

Stephens upgraded Alkami (ALKT) to Overweight from Equal Weight with a $40 price target citing the firm’s belief that the 34% year-to-date decline in the shares has created “a favorable entry point.” The firm cites the acquisition of MANTL, which it believes should facilitate the scaling of the platform, the favorable positioning of the core business, and “strong” revenue visibility.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Questions or Comments about the article? Write to editor@tipranks.com