Alkami assumed with an Overweight at JPMorgan

JPMorgan analyst Ella Smith assumed coverage of Alkami (ALKT) with an Overweight rating and price target of $40, down from $45. The firm finds the digital banking space an attractive investment arena. The company is modernizing customer-facing software for credit unions and regional banks, and enjoys high customer retention and 5-7 year contract lengths, which support revenue visibility, the analyst tells investors in a research note.