JPMorgan added Alkami (ALKT) to the firm’s Analyst Focus List as a growth idea while keeping an Overweight rating on the name with a $38 price target The firm is “perplexed” by the 8% post-earnings selloff on Friday. The shares sold off on a modest revenue miss, which is a “nonissue,” the analyst tells investors in a research note. JPMorgan says Alkami is growing annual recurring revenue organically by 20%.
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