Alkami Technology, Inc. (NASDAQ:ALKT) Stock Has Average Target Price of $23.80

Alkami Technology, Inc. (NASDAQ:ALKT) has been assigned an average rating of “Hold” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $22.00.

Several research analysts have recently commented on ALKT shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Alkami Technology in a report on Wednesday, September 2nd. Citigroup reiterated a “market outperform” rating on shares of Alkami Technology in a research report on Thursday. Needham & Company LLC boosted their price target on shares of Alkami Technology from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Monday, August 24th. Citizens Jmp reaffirmed a “market outperform” rating and set a $24.00 price objective on shares of Alkami Technology in a research report on Thursday. Finally, JPMorgan Chase & Co. downgraded shares of Alkami Technology from an “overweight” rating to an “underweight” rating and dropped their target price for the company from $24.00 to $14.00 in a report on Thursday.

Hedge Funds Weigh In On Alkami Technology

Hedge funds have recently bought and sold shares of the company. IFP Advisors Inc increased its stake in Alkami Technology by 46,900.0% during the second quarter. IFP Advisors Inc now owns 1,410 shares of the company’s stock worth $26,000 after purchasing an additional 1,407 shares during the period. Summit Securities Group LLC boosted its stake in shares of Alkami Technology by 84.2% in the first quarter. Summit Securities Group LLC now owns 1,842 shares of the company’s stock valued at $29,000 after purchasing an additional 842 shares during the period. Optiver Holding B.V. acquired a new position in shares of Alkami Technology in the first quarter valued at approximately $36,000. Essential Partners LLC increased its stake in Alkami Technology by 7,090.9% during the 1st quarter. Essential Partners LLC now owns 2,373 shares of the company’s stock worth $37,000 after buying an additional 2,340 shares during the period. Finally, Palladiem LLC acquired a new stake in Alkami Technology during the 4th quarter worth approximately $108,000. Institutional investors and hedge funds own 54.97% of the company’s stock.

Key Headlines Impacting Alkami Technology

Here are the key news stories impacting Alkami Technology this week:

• Positive Sentiment: Provident Bank launched Alkami’s MANTL Business and Retail Account Opening products across its 135-branch network. The deployment at a $25 billion-plus bank supports Alkami’s customer growth and platform adoption, although the immediate revenue impact was not disclosed. Provident Bank Goes Live with MANTL Business and Retail Account Opening
• Positive Sentiment: Citizens JMP reaffirmed its “market outperform” rating and set a $24 price target, implying substantial upside from recent trading levels. However, this bullish view contrasts with a more cautious rating from JPMorgan. Alkami Stock Hits Three-Year Lows: Jana Doesn’t Get Buyout Wish
• Neutral Sentiment: Alkami maintained fiscal 2026 revenue guidance of $528 million to $531 million, broadly in line with the $529.9 million analyst consensus. The update does not point to a material change in near-term operating expectations.
• Neutral Sentiment: Reported short-interest data listed zero shares short and a zero-day short-interest ratio, making the figures uninformative as a signal of investor positioning.
• Negative Sentiment: The conclusion of the strategic review without a transaction removed a major potential catalyst and triggered an approximately 18% share decline. Alkami said it will remain independent, leaving investors focused on execution rather than a near-term buyout. Alkami Announces Conclusion of Strategic Opportunities Review
• Negative Sentiment: JPMorgan reaffirmed its “underweight” rating and cut its price target to $14 from $24, signaling reduced confidence in Alkami’s standalone outlook and adding pressure to the stock.

Alkami Technology Trading Down 2.9%

Shares of Alkami Technology stock opened at $14.18 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.13 and a quick ratio of 2.13. The stock’s 50 day simple moving average is $19.01 and its 200-day simple moving average is $17.56. The stock has a market cap of $1.52 billion, a P/E ratio of -33.76 and a beta of 0.61. Alkami Technology has a 1-year low of $13.76 and a 1-year high of $25.96.

Alkami Technology (NASDAQ:ALKT) last announced its quarterly earnings data on Wednesday, July 29th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.23). The company had revenue of $129.84 million for the quarter, compared to analysts’ expectations of $128.70 million. Alkami Technology had a negative return on equity of 7.68% and a negative net margin of 9.21%.The business’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.13) EPS. Analysts predict that Alkami Technology will post 0.15 EPS for the current fiscal year.

About Alkami Technology

Alkami Technology, Inc provides cloud-based digital banking solutions for financial institutions in the United States. Its platform is designed primarily for community, regional and other banks and credit unions seeking to deliver online and mobile banking experiences to consumers and businesses.

The company’s products and services include digital account access, account opening, money movement and payments, card management, financial wellness tools, data and analytics, marketing and customer engagement capabilities, and solutions for commercial banking.