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Alkami Technology, Inc. (ALKT) offers cloud-based digital banking solutions in the United States. 
The company's Alkami Platform allows financial institutions to onboard and engage new users, accelerate revenues, and enhance operational efficiency, with the support of a proprietary, cloud-based, and multi-tenant architecture.
It serves community, regional, and super-regional credit unions and banks. Shares have formed a bullish "flag" following it's latest earnings report. Higher share prices are expected.
On November 1st, ALKT reported a loss of $0.14 per share on revenue of $67.70 million for the third quarter ended September 2023. The consensus estimate was a loss of $0.15 per share on revenue of $67.22 million. The company beat consensus estimates by 6.67% while revenue grew 26.76% on a year-over-year basis.
Guided Higher: The company said it expects fourth quarter revenue of $70.50 million to $71.50 million. The current consensus revenue estimate is $70.54 million for the quarter ending December 31, 2023.
Entry Point: $21.30
Stop Loss: $20.00
Trading Range: $10.93 to $21.97
Target Price: $23.50
