Alkami Technology, Inc. (NASDAQ:ALKT) is included in our list of the overlooked tech stocks to invest in.
On November 3, 2025, Goldman Sachs’ Adam Hotchkiss reiterated his “Neutral” rating on Alkami Technology, Inc. (NASDAQ:ALKT), reducing the price target from $29 to $26.
The price cut followed Alkami Technology, Inc. (NASDAQ:ALKT)’s Q3 2025 results, announced on October 30, 2025. The quarter marked a 31.5% YoY growth in revenue, bringing it to $113 million. Meanwhile, adjusted EBITDA came out at $16 million, thanks to operational leverage and robust demand for the company’s cloud-based digital banking solutions. With annual recurring revenue surging 31% to $449 million, subscription revenue accounted for 96% of total revenue.
During the quarter, Alkami Technology, Inc. (NASDAQ:ALKT) recorded the addition of 10 new digital banking clients, which included the company’s largest new logo in history. At the same time, MANTL integration added 29 onboarding clients, expanding multi-platform adoption. The quarter also saw registered users increase by 2.1 million from the previous year, reaching 21.6 million. By the close of the quarter, Alkami now serves 413 financial institutions, which include five of the top 20 U.S. credit unions.
Alkami Technology, Inc. (NASDAQ:ALKT) made leadership changes during the quarter, appointing Cassandra Hudson as CFO. With this appointment, the company aims to leverage her 20 years of experience in scaling tech companies, positioning itself for continued growth, supported by strong sales execution, cross-selling, and product innovation.
Alkami Technology, Inc. (NASDAQ:ALKT) delivers cloud-based digital banking solutions, enabling U.S. financial institutions to grow, while enhancing customer engagement and streamlining operations.
While we acknowledge the potential of ALKT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 12 Deep Value Stocks to Invest In and 15 Stocks Set to Explode in 2026.
Disclosure: None.