JPMorgan Chase & Co. Issues Pessimistic Forecast for Alkami Technology (NASDAQ:ALKT) Stock Price

Key Points

• JPMorgan cut Alkami Technology’s price target from $14 to $13 and maintained an “underweight” rating, implying only 2.44% upside from the stock’s current price.
• Analyst sentiment has broadly weakened: Citigroup, Barclays, Craig Hallum, and KeyCorp issued downgrades or reduced targets, while MarketBeat shows an average “Reduce” rating and a $19 consensus price target.
• Alkami’s shares fell to $12.69 after the company reported a quarterly EPS loss of $0.06, missing the $0.20 consensus estimate, despite revenue of $134.9 million that exceeded expectations by a modest margin.

Alkami Technology (NASDAQ:ALKT - Get Free Report) had its price objective cut by investment analysts at JPMorgan Chase & Co. from $14.00 to $13.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has an "underweight" rating on the stock. JPMorgan Chase & Co.'s target price suggests a potential upside of 2.44% from the stock's current price.

A number of other equities analysts have also recently issued reports on ALKT. Citigroup cut Alkami Technology from a "market outperform" rating to a "market perform" rating in a report on Thursday. Barclays cut their target price on shares of Alkami Technology from $21.00 to $15.00 and set an "equal weight" rating on the stock in a research note on Monday, October 12th. Craig Hallum downgraded shares of Alkami Technology from a "buy" rating to a "hold" rating and set a $16.00 price target for the company. in a research note on Thursday. KeyCorp lowered shares of Alkami Technology from an "overweight" rating to a "sector weight" rating in a research report on Thursday. Finally, Needham & Company LLC decreased their target price on Alkami Technology from $25.00 to $20.00 and set a "buy" rating for the company in a research report on Thursday. One analyst has rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Alkami Technology presently has an average rating of "Reduce" and an average price target of $19.00.

Alkami Technology Stock Performance

Alkami Technology stock traded down $2.84 during mid-day trading on Thursday, hitting $12.69. 7,825,595 shares of the company's stock traded hands, compared to its average volume of 1,860,682. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.13 and a quick ratio of 2.13. The firm has a 50 day simple moving average of $16.91 and a two-hundred day simple moving average of $17.37. Alkami Technology has a fifty-two week low of $12.10 and a fifty-two week high of $24.47. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of -30.21 and a beta of 0.60.

Alkami Technology (NASDAQ:ALKT - Get Free Report) last issued its quarterly earnings data on Wednesday, October 28th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.26). The firm had revenue of $134.91 million for the quarter, compared to the consensus estimate of $133.54 million. Alkami Technology had a negative return on equity of 7.68% and a negative net margin of 9.21%. The company's revenue was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.14) EPS. On average, research analysts expect that Alkami Technology will post 0.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Alkami Technology

A number of institutional investors and hedge funds have recently made changes to their positions in the business. North Reef Capital Management LP grew its stake in shares of Alkami Technology by 264.3% in the 1st quarter. North Reef Capital Management LP now owns 7,650,000 shares of the company's stock worth $119,876,000 after buying an additional 5,550,000 shares during the last quarter. JANA Partners Management LP boosted its holdings in Alkami Technology by 24.2% in the second quarter. JANA Partners Management LP now owns 6,747,707 shares of the company's stock worth $122,268,000 after acquiring an additional 1,316,319 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Alkami Technology by 20.2% in the first quarter. Janus Henderson Group PLC now owns 3,855,334 shares of the company's stock worth $60,413,000 after acquiring an additional 646,898 shares during the last quarter. Irenic Capital Management LP increased its holdings in shares of Alkami Technology by 27.0% during the first quarter. Irenic Capital Management LP now owns 2,675,151 shares of the company's stock valued at $41,920,000 after acquiring an additional 568,703 shares in the last quarter. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Alkami Technology during the second quarter valued at $46,927,000. Institutional investors own 54.97% of the company's stock.

Alkami Technology News Roundup

Here are the key news stories impacting Alkami Technology this week:

• Positive Sentiment: Third-quarter revenue increased 19.4% year over year to $134.9 million, slightly exceeding the $133.5 million analyst estimate. GAAP gross margin improved to 57.5%, while adjusted EBITDA rose to $26.3 million from $16.0 million. Alkami third-quarter 2026 financial results
• Positive Sentiment: GAAP net loss narrowed to $6.7 million from $14.8 million a year earlier. The company generated $21.9 million in operating cash flow, supporting the view that its underlying business is improving. Alkami Q3 2026 earnings overview
• Neutral Sentiment: Needham kept a “buy” rating but reduced its price target from $25 to $20, indicating continued long-term optimism but lower expectations. Barclays also reaffirmed its “hold” rating. Needham price target update
• Negative Sentiment: The main pressure came from profitability: reported EPS was a $0.06 loss, substantially below the roughly $0.20 consensus estimate, while operating losses remained negative. This overshadowed the revenue beat and ongoing margin improvement.
• Negative Sentiment: Several firms turned more cautious. Craig-Hallum downgraded Alkami from “buy” to “hold” with a $16 target; Citizens lowered its rating from “outperform” to “market perform”; KeyCorp moved from “overweight” to “sector weight”; and William Blair cut its rating from “outperform” to “market perform.” Citizens downgrade of Alkami Technology
• Negative Sentiment: The downgrades reflect uncertainty about Alkami’s growth and earnings outlook beyond 2026, particularly the lack of clarity surrounding 2027 expectations. The closely watched analyst reassessment suggests investors are demanding stronger evidence of a path to sustainable profitability.

Alkami Technology Company Profile

Alkami Technology, Inc provides cloud-based digital banking solutions for financial institutions, primarily community banks and credit unions in the United States. Its platform is designed to help institutions deliver digital experiences across online and mobile channels while managing customer relationships and banking operations.

The company's products and services include digital account opening, online and mobile banking, payments, money movement, card management, financial wellness tools, data and analytics, marketing capabilities, and fraud prevention.

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