Alkami price target raised to $30 from $25 at JMP Securities

JMP Securities raised the firm’s price target on Alkami to $30 from $25 and keeps an Outperform rating on the shares following the Q4 results, which were strong. JMP continues to view Alkami as an excellent opportunity for long-term capital appreciation, as the company is executing well and believes it has developed a model that can sustain a 25% growth rate and Alkami offers the best-of-breed digital banking platform, with a multi-tenant, single codebase, cloud architecture and is taking share from legacy players, the analyst tells investors in a research note.