Craig-Hallum Initiates Coverage of Alkami Technology (ALKT) with Buy Recommendation
Nasdaq Fintel reports that on June 8, 2023, Craig-Hallum initiated coverage of Alkami Technology (NASDAQ:ALKT) with a Buy recommendation.
Analyst Price Forecast Suggests 18.38% Upside
As of June 2, 2023, the average one-year price target for Alkami Technology is 17.54. The forecasts range from a low of 14.14 to a high of $21.00. The average price target represents an increase of 18.38% from its latest reported closing price of 14.82.
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The projected annual revenue for Alkami Technology is 262MM, an increase of 19.59%. The projected annual non-GAAP EPS is -0.12.
What is the Fund Sentiment?
There are 260 funds or institutions reporting positions in Alkami Technology. This is an increase of 16 owner(s) or 6.56% in the last quarter. Average portfolio weight of all funds dedicated to ALKT is 0.17%, a decrease of 27.69%. Total shares owned by institutions increased in the last three months by 1.99% to 60,687K shares. The put/call ratio of ALKT is 0.59, indicating a bullish outlook.