Digital Banking Pionee | Alkami Technology leads the cloud-based digital banking solutions market, experiencing robust growth and attracting significant investor attention |
Financial Milestones | Explore Alkami's impressive Q3 2024 results, surpassing expectations with 27% YoY revenue growth and positive adjusted EBITDA for five consecutive quarters |
Market Opportunity | Delve into Alkami's $14 billion addressable market, driven by increasing demand for digital banking solutions and evolving consumer preferences |
Valuation Insights | Analyst price targets range from $31 to $46, reflecting high growth expectations amid scrutiny of Alkami's premium valuation and path to sustained profitability |
Metrics to compare | ALKT | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipALKTPeersSector | |
|---|---|---|---|---|
P/E Ratio | −36.5x | −3.8x | 12.1x | |
PEG Ratio | 1.31 | −0.11 | 0.01 | |
Price/Book | 4.9x | 2.5x | 2.4x | |
Price / LTM Sales | 3.9x | 2.8x | 2.3x | |
Upside (Analyst Target) | 23.5% | 46.6% | 28.8% | |
Fair Value Upside | Unlock | 27.0% | 5.8% | Unlock |
Alkami Technology, Inc. provides a cloud-based digital sales and service platform for financial institutions in the United States. The company offers the Alkami digital sales & service platform, which includes the Alkami digital banking platform, onboarding & account opening, and data & marketing modules. Its solutions enable financial institutions to onboard and engage new users, accelerate revenues, and enhance operational efficiency, with the support of proprietary, cloud-based, and multi-tenant architecture. It serves community, regional, super-regional credit unions, and banks. The company was founded in 2009 and is based in Plano, Texas.