This stock is ’a strong buy’ says JPMorgan, adds to Focus List By Investing.com
Update: 2025-11-03
Description
JPMorgan remains bullish on Alkami Technology despite a recent stock drop, reaffirming it as an Overweight pick and adding it to their Analyst Focus List. Despite missing revenue expectations by a small margin, JPMorgan believes investors are overreacting, highlighting Alkami's strong business fundamentals, such as growing annual recurring revenue by 20% and landing a record number of new customers. Alkami's live user backlog, now at nearly 1.7 million users, is a solid indicator of growing recurring revenue. While Alkami slightly lowered its revenue outlook, JPMorgan sees this as a strategic move to focus on onboarding new clients. Management at Alkami projects high teens to low twenties organic recurring revenue growth through 2026, aiming for $1 billion in total revenue by around 2030. JPMorgan sees a substantial long-term market opportunity, as over 70% of potential customers still use older, legacy software.
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