ALKT Price Prediction Next Week
Analysis and Insights
Technical Analysis:
The Relative Strength Index (RSI) for ALKT is currently at 29.2, indicating oversold conditions, which often signals a potential buying opportunity. The stock is trading at $25.32, significantly below its 52-week high of $42.29, suggesting it may be undervalued.
Recent News and Upgrades:
- Stephens upgraded ALKT to overweight with a price target of $40, reflecting confidence in the stock's potential.
- The stock closed up over 4% on March 24, indicating positive momentum.
Fibonacci Levels:
- Pivot Point: $25.09
- Resistance Levels: $26.56 (R1), $27.47 (R2)
- Support Levels: $23.62 (S1), $22.71 (S2)
MACD and Stochastic Oscillator:
- The MACD is slightly negative, but the signal line is above the MACD, suggesting a potential bullish crossover.
- The Stochastic Oscillator is at 44.40, indicating the stock is no longer deeply oversold.
Market Sentiment:
Despite broader market declines due to trade tensions, ALKT's recent performance and upgrade suggest positive sentiment.
Conclusion:
Based on the oversold RSI, positive upgrade, and potential bullish technical indicators, ALKT is expected to rise to $27.50 next week.
Recommendation: Buy ALKT with a target price of $27.50 and a stop-loss at $24.50.
ALKT Similar Chart Price Prediction
The price of ALKT is predicted to go up -2.29%, based on the high correlation periods with JAZZ. The similarity of these two price pattern on the periods is 98.14%.
ALKT
JAZZ
Down: -2.29%Similarity: 98.14%
ALKT Revenue Forecast
ALKT EPS Forecast
ALKT FAQs
What is ALKT revenue forecast for next quarter？
What is ALKT eps forecast for next quarter？
ALKT Analyst's Forecast
Charles Nabhan
Stephens & Co.
Hold → Buy
2025-03-13
Price Target
$40
Upside
+58.42%
Stephens upgraded Alkami to Overweight from Equal Weight with a $40 price target, citing the firm's belief that the 34% year-to-date decline in the shares has created "a favorable entry point." The firm cites the acquisition of MANTL, which it believes should facilitate the scaling of the platform, the favorable positioning of the core business, and "strong" revenue visibility.
Saket Kalia
Barclays
Hold
2025-03-03
Price Target
$41 → $35
Upside
+15.09%
Alexei Gogolev
JP Morgan
Buy
2024-12-09
Price Target
$42 → $45
Upside
+17.43%
