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.
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Read More on ALKT:
- Alkami files to sell $300M of convertible senior notes due 2030
- American Eagle Financial Credit Union signs on for Alkami’s Digital Banking
- Alkami price target lowered to $35 from $41 at Barclays
- Alkami Technology Inc. Reports Strong Earnings and Growth
- Alkami Technology: Strong Growth Prospects and Strategic Acquisition Drive Buy Rating
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