Needham Maintains Buy Rating for Alkami Technology: Here's What You Need To Know

Needham has decided to maintain its Buy rating of Alkami Technology ALKT and raise its price target from $24.00 to $30.00.

Shares of Alkami Technology are trading up 0.0% over the last 24 hours, at $22.81 per share.

A move to $30.00 would account for a 31.52% increase from the current share price.

About Alkami Technology

Alkami is a cloud-based digital banking solutions provider. Alkami Platform, allows FIs to onboard and engage new users, accelerate revenues and meaningfully improve operational efficiency with the support of a proprietary, true cloud-based, multi-tenant architecture.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.