{
  "id": 9515562,
  "title": "JPMorgan downgrades Alkami stock to Underweight on valuation",
  "url": "https://urgent.news/2026/09/24/jpmorgan-downgrades-alkami-stock-to-underweight-on-valuation",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-24T07:32:50.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/analyst-ratings/jpmorgan-downgrades-alkami-stock-to-underweight-on-valuation-93CH-4914537"
  },
  "original_language": "en",
  "account": "JPMorgan has revised its rating on Alkami Technology Inc's stock to Underweight from Overweight, signaling a lower valuation expectation. The firm has also reduced its price target from $24.00 to $14.00. Currently, Alkami's stock is trading at $14.60, close to its 52-week low of $13.98 and has experienced a 37% decline year-to-date. Despite this, InvestingPro analysts believe the stock is undervalued at present levels. The downgrade came after Alkami's Board completed a strategic review and decided to remain an independent public company. The company reaffirmed its fiscal 2026 guidance of $528 million to $531 million in revenue and $96 million to $98 million in adjusted EBITDA. JPMorgan's revised price target of $14 per share equates to 14 times enterprise value to EBITDA for 2027, slightly lower than their previous Q2 Holdings target of 16 times. The firm believes the discount is due to Alkami's less robust operating profile. Jana Partners had shown interest in selling its shares, which may have contributed to the lower valuation. If Alkami shares were to trade at Q2 Holdings' current multiple of about 12 times, the stock would be valued at approximately $11 per share.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}