JPMorgan Cuts PT on Alkami Technology (ALKT) – Here’s Why

Alkami Technology, Inc. (NASDAQ:ALKT) is one ofthe best cheap small cap stocks to buy now. JPMorgan cut the price target on Alkami Technology, Inc. (NASDAQ:ALKT) to $19 from $20 on June 22 and maintained an Overweight rating on the shares, telling investors in a research note that the firm rolled forward its price targets to December 2027 from December 2026 across its banking technology and digital banking coverage. JPMorgan further stated that it holds a constructive view on the group, and stated that "AI-defensibility concerns appear overstated relative to the entrenched workflow, data, and compliance moats these vendors have built."Is Alkami Technology Inc. (ALKT) the Tech Stock with Best Earnings Growth in 2025?

The firm further told investors that its highest conviction ideas remain fiscal Q2 and Alkami, adding that the companies operate in a consolidated, duopolistic digital banking market featuring strong retention, long contract durations, and paths to free cash flow expansion. JPMorgan added that Alkami Technology, Inc. (NASDAQ:ALKT) screens as its "high-conviction takeout candidate" amid activist pressure.

Alkami Technology, Inc. (NASDAQ:ALKT) provides digital banking software solutions to credit unions, credit union service organizations, banks, and service bureaus.

While we acknowledge the potential of ALKT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on thebest short-term AI stock.

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