Alkami price target lowered to $18 from $25 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on Alkami (ALKT) to $18 from $25 and keeps a Neutral rating on the shares. Alkami’s Q4 revenue was in line with consensus and profitability modestly ahead, but 2026 revenue guidance came in 4% below expectations due to lapping one-time fees and slower Digital Sales and Service Platform deployments that are extending time-to-revenue, the analyst tells investors in a research note. While underlying digital banking demand remains solid and long-term margin targets imply a path toward 30% EBITDA margins and a “Rule of 45” by 2030, near-term profitability guidance was slightly light and greater evidence is needed that DSSP/MANTL can sustain premium growth at scale, the firm says.