Alkami Technology rises after Stephens upgrades to 'overweight'

Alkami Technology

13/03/2025 13:07

** Shares of Alkami Technology ALKT.O rise 1.5% to $24.65 premarket

** Stephens upgrades rating to "overweight" from "equal-weight"

** Says the upgrade is based on several factors, including favorable positioning of ALKT's core business, an industry-leading digital banking solution and stable demand trends and strong revenue visibility

** Eight brokerages rate company "buy" or higher, and three rate "hold"; median PT at $45 - data compiled by LSEG

** As of last close, stock is down 33.8% YTD

 (Reporting by Jaiveer Singh Shekhawat in Bengaluru)

 ((JaiveerSingh.Shekhawat@thomsonreuters.com;))