Alkami Technology (ALKT): Valuation Check After Launch of Alkami Foundry Developer and Fintech Partner Hub

Alkami Technology (ALKT) just rolled out Alkami Foundry, a new hub for developers and fintech partners that opens the company’s platform, deepens integrations, and subtly reframes how investors think about its long term growth engine.

See our latest analysis for Alkami Technology.

That launch lands against a choppy backdrop, with the share price at $22.29 after a 1 month share price return of 8.84% but a much weaker year to date share price return of 39.59%. The 3 year total shareholder return of 65.72% still signals longer term belief even after activist pressure around this year’s drawdown.

If Alkami’s mix of innovation and volatility has your attention, this could be a good moment to scout other high growth tech names through high growth tech and AI stocks.

With activist investors circling, growth still running above 20%, and the stock trading at a steep discount to analyst targets, is Alkami quietly undervalued, or is the market already pricing in its next leg of growth?

Most Popular Narrative Narrative: 31.5% Undervalued

With Alkami Technology last closing at $22.29 and the most widely followed fair value at $32.56, the narrative points to a sizable upside gap.

Continued rollout of new products and expansion into adjacent banking services (e.g., AI personalization, integrated data/marketing, payments), combined with demonstrated high client retention rates, supports recurring revenue expansion and provides multiple avenues for margin improvement and long-term earnings upside.

Read the complete narrative.

Want to see the math behind that upside gap? This narrative applies aggressive compounding of revenue, margins, and future profit multiples that rival premium software names. Curious which assumptions really move the fair value line higher, and how long growth needs to hold up to get there? Explore the full narrative to examine the specific levers behind that valuation call.

Result: Fair Value of $32.56 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, softer revenue trends and slower client implementations could deepen if competitive pressure rises and quickly undermine bullish assumptions on growth and margins.

Find out about the key risks to this Alkami Technology narrative.

Another Angle on Value

While our DCF work suggests Alkami trades roughly 27.5% below fair value, a simple sales based lens looks harsher. At 5.7x sales versus an estimated fair ratio of 4.3x and peer and industry levels near 4.8 to 4.9x, are investors overpaying for growth that might already be priced in?

See what the numbers say about this price — find out in our valuation breakdown.

Build Your Own Alkami Technology Narrative

If you see the story differently or want to dig into the numbers yourself, you can craft a complete view in minutes: Do it your way.

A great starting point for your Alkami Technology research is our analysis highlighting 3 key rewards and 1 important warning sign that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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