William Blair analyst Christopher Kennedy has maintained their bullish stance on ALKT stock, giving a Buy rating today.
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Christopher Kennedy has given his Buy rating due to a combination of factors that highlight Alkami Technology’s potential for growth and value. Despite the stock’s recent underperformance, Kennedy views this as a strategic buying opportunity, especially as management has reaffirmed its 2025 revenue guidance and slightly increased EBITDA expectations. The acquisition of MANTL is seen as a positive move, enhancing Alkami’s market presence and providing valuable cross-selling opportunities, which are expected to significantly boost revenue.
Furthermore, Alkami is on track to meet its financial targets, including a 25% revenue growth and a 65% adjusted gross margin by 2026. Kennedy has raised the adjusted EBITDA estimates for 2025 and 2026, reflecting confidence in the company’s financial trajectory. The June-quarter results exceeded expectations, with revenue and adjusted EBITDA surpassing guidance, indicating strong operational performance. Overall, Kennedy’s Buy rating is supported by Alkami’s strategic acquisitions, robust financial outlook, and potential for substantial revenue growth.
In another report released today, Needham also reiterated a Buy rating on the stock with a $40.00 price target.
Based on the recent corporate insider activity of 92 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ALKT in relation to earlier this year.