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Alkami Technology Stands to Benefit From 'Attractive' Digital Opportunity, KeyBanc says

05/10/2021 11:42

03:35 PM EDT, 05/10/2021 (MT Newswires) -- Alkami Technology (ALKT) has an "attractive" digital banking modernization opportunity that it could benefit from, even as the modernization of the digital banking stack "remains in a nascent phase of adoption," KeyBanc said Monday in a research note to investors.

KeyBanc initiated the company at overweight with $50 price target and said, "The feedback on Alkami's seamless omni-channel capabilities, performance, broad feature set and innovation velocity is compelling, providing a high degree of consideration for additional product adoption, in our view."

The investment firm set a revenue estimate of $144.4 million for 2021 and $182.5 million for 2022.

Shares of Akami were up nearly 4% in late regular-hours trading.

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