Alkami Launches Foundry Platform to Enhance Transparency and Collaboration
Written by Emily J. Thompson, Senior Investment Analyst
Source: PRnewswire
Updated: 1 hour ago
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Source: PRnewswire
- Platform Innovation: Alkami has launched the new centralized Foundry platform on its website, designed to provide technology leaders and developers at financial institutions with deeper insights into its investment priorities around the five TechFin pillars, thereby enhancing customer trust in its technology journey.
- Developer Support: The Foundry emphasizes how Alkami supports a developer mindset by showcasing its software development kit (SDK), application programming interfaces (APIs), and integration frameworks, enabling financial institutions to bring new solutions to market faster, thus enhancing their competitive edge.
- Collaborative Ecosystem: The platform also highlights Alkami's partner ecosystem, showcasing a broad network of integrations with various banks that fuel innovation and choice for financial institutions, further solidifying Alkami's position as a trusted partner in the industry.
- Strategic Vision: Alkami's Partner Program provides clear standards and success criteria for fintech companies looking to accelerate growth, demonstrating its forward-thinking vision aimed at driving shared success through high-impact collaboration paths.
ALKT.O$0.0000%Past 6 months

No Data
Analyst Views on ALKT
Wall Street analysts forecast ALKT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ALKT is 33.57 USD with a low forecast of 25.00 USD and a high forecast of 40.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Wall Street analysts forecast ALKT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ALKT is 33.57 USD with a low forecast of 25.00 USD and a high forecast of 40.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Current: 22.490

Current: 22.490

Goldman Sachs
Adam Hotchkiss
Neutral
downgrade
$29 -> $26
Reason
Goldman Sachs
Adam Hotchkiss
Goldman Sachs analyst Adam Hotchkiss lowered the firm's price target on Alkami to $26 from $29 and keeps a Neutral rating on the shares.
Overweight
maintain
$38
Reason
JPMorgan added Alkami 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%.
Overweight -> Overweight
downgrade
$40 -> $38
Reason
Overweight -> Overweight
Reason
JPMorgan lowered the firm's price target on Alkami to $38 from $40 and keeps an Overweight rating on the shares post the Q3 report.
Lake Street lowered the firm's price target on Alkami to $34 from $41 and keeps a Buy rating on the shares. Alkami fell short of Q3 revenue expectations due to shifting go-lives but "nicely beat" adjusted EBITDA expectations, the analyst tells investors. Alkami's shifting Q3 add on go-lives "have created an attractive buying opportunity for investors on what was otherwise a solid quarter fundamentally," adds the analyst, who views this "growth stock as a name to own on weakness."
About ALKT
Alkami Technology, Inc. is a cloud-based digital banking solutions provider. The Company's solution, the Alkami Digital Banking Platform, allows financial institutions (FIs) to onboard and engage new users, accelerate revenues and improve operational efficiency. The Alkami Digital Banking Platform offers an end-to-end set of digital banking software products. Its platform integrates with core system providers and other third-party fintech providers, and acts as the primary interaction point among consumers, businesses, and FIs. It offers FI with a set of core functional components, which includes a rounded suite of products across account opening, marketing, data insights, card experience, money movement, customer service, business banking, financial wellness, security and fraud protection and extensibility. The Company's clients include community, regional and super-regional credit unions and banks across both retail and business banking.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.