Alkami Technology, Inc.

NasdaqGS:ALKT Stock Report

Market Cap: US$3.8b

Alkami Technology Valuation

Is ALKT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ALKT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ALKT ($36.9) is trading below our estimate of fair value ($42.08)

Significantly Below Fair Value: ALKT is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ALKT?

Key metric: As ALKT is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for ALKT. This is calculated by dividing ALKT's market cap by their current revenue.
What is ALKT's PS Ratio?
PS Ratio11.8x
SalesUS$315.56m
Market CapUS$3.80b

Price to Sales Ratio vs Peers

How does ALKT's PS Ratio compare to its peers?

The above table shows the PS ratio for ALKT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average6.1x
AYX Alteryx
3.6x10.3%US$3.5b
ESMT EngageSmart
10.6x20.5%US$3.9b
ASAN Asana
4.7x12.9%US$3.4b
DV DoubleVerify Holdings
5.3x12.9%US$3.4b
ALKT Alkami Technology
11.8x21.9%US$3.8b

Price-To-Sales vs Peers: ALKT is expensive based on its Price-To-Sales Ratio (11.8x) compared to the peer average (6.1x).

Price to Sales Ratio vs Industry

How does ALKT's PS Ratio compare vs other companies in the US Software Industry?

83 CompaniesPrice / SalesEstimated GrowthMarket Cap
VYX NCR Voyix
0.6x-23.2%US$2.13b
DSP Viant Technology
0.9x11.2%US$1.03b
PGY Pagaya Technologies
0.7x15.8%US$749.81m
EGHT 8x8
0.5x1.1%US$376.30m
ALKT 11.8xIndustry Avg. 5.4xNo. of Companies83PS048121620+
83 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: ALKT is expensive based on its Price-To-Sales Ratio (11.8x) compared to the US Software industry average (5.4x).

Price to Sales Ratio vs Fair Ratio

What is ALKT's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ALKT PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio11.8x
Fair PS Ratio5.4x

Price-To-Sales vs Fair Ratio: ALKT is expensive based on its Price-To-Sales Ratio (11.8x) compared to the estimated Fair Price-To-Sales Ratio (5.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ALKT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$36.90
US$44.30
+20.1%
9.3%US$54.00US$39.00n/a10
Nov ’25US$37.60
US$43.60
+16.0%
10.7%US$54.00US$37.00n/a10
Oct ’25US$31.06
US$36.60
+17.8%
7.7%US$43.00US$32.00n/a10
Sep ’25US$33.34
US$36.60
+9.8%
7.7%US$43.00US$32.00n/a10
Aug ’25US$33.86
US$36.60
+8.1%
7.7%US$43.00US$32.00n/a10
Jul ’25US$29.06
US$29.80
+2.5%
6.2%US$32.00US$26.00n/a10
Jun ’25US$27.43
US$29.80
+8.6%
6.2%US$32.00US$26.00n/a10
May ’25US$24.40
US$28.70
+17.6%
5.8%US$31.00US$26.00n/a10
Apr ’25US$23.69
US$28.70
+21.1%
5.8%US$31.00US$26.00n/a10
Mar ’25US$24.80
US$28.70
+15.7%
5.8%US$31.00US$26.00n/a10
Feb ’25US$24.82
US$26.70
+7.6%
6.1%US$30.00US$25.00n/a10
Jan ’25US$24.25
US$23.80
-1.9%
7.2%US$27.00US$21.00n/a10
Dec ’24US$22.83
US$23.00
+0.7%
6.7%US$25.00US$21.00n/a10
Nov ’24US$17.60
US$20.90
+18.7%
7.2%US$23.00US$19.00US$37.6010
Oct ’24US$18.22
US$20.70
+13.6%
7.2%US$23.00US$19.00US$31.0610
Sep ’24US$18.17
US$20.70
+13.9%
7.2%US$23.00US$19.00US$33.3410
Aug ’24US$16.74
US$19.30
+15.3%
12.9%US$23.00US$15.00US$33.8610
Jul ’24US$16.39
US$18.44
+12.5%
16.2%US$23.00US$14.00US$29.069
Jun ’24US$15.90
US$17.71
+11.4%
17.0%US$23.00US$14.00US$27.437
May ’24US$11.86
US$18.67
+57.4%
17.9%US$23.00US$14.00US$24.406
Apr ’24US$12.66
US$19.17
+51.4%
14.6%US$23.00US$15.00US$23.696
Mar ’24US$15.23
US$19.14
+25.7%
12.6%US$23.00US$16.00US$24.807
Feb ’24US$16.78
US$18.43
+9.8%
12.3%US$23.00US$16.00US$24.827
Jan ’24US$14.59
US$18.43
+26.3%
12.3%US$23.00US$16.00US$24.257
Dec ’23US$12.94
US$18.43
+42.4%
12.3%US$23.00US$16.00US$22.837
Nov ’23US$15.80
US$18.71
+18.4%
11.0%US$23.00US$16.00US$17.607

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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