• In recent weeks, Alkami Technology, Inc. announced multiple milestones for its MANTL platform, including new or expanded deployments at Harvard Federal Credit Union, Grow Financial Credit Union, and The Atlantic Federal Credit Union, alongside the rollout of its One-Click SDK Manager for developers.
• Together, these client wins and product enhancements highlight growing adoption of Alkami’s integrated digital banking and onboarding capabilities across account opening and lending, while emphasizing a focus on faster implementation and operational efficiency for financial institutions.
• With this expanding MANTL adoption and new One-Click SDK Manager, we’ll examine how these developments shape Alkami’s broader investment narrative.

Find companies with promising cash flow potential yet trading below their fair value.

What Is Alkami Technology's Investment Narrative?

To own Alkami, you really have to believe in its ability to turn strong digital banking adoption into a sustainable, profitable platform business, despite ongoing losses and a premium sales multiple. The latest MANTL wins at Harvard FCU, Grow Financial, and Atlantic FCU, together with the One-Click SDK Manager, support the core thesis around deeper penetration of credit unions and better developer stickiness, but they are unlikely to be immediately material against a roughly US$440 million revenue base. Instead, they slightly strengthen near term catalysts around new logo momentum, cross sell of onboarding and lending, and higher wallet share with existing clients. The bigger swing factors remain execution on profitability, pricing discipline, and whether spending on innovation and leadership pay translates into operating leverage over time.

However, investors should also weigh the risks around valuation, losses and insider selling. Alkami Technology's shares have been on the rise but are still potentially undervalued by 31%. Find out what it's worth.

Exploring Other Perspectives

The Simply Wall St Community’s 11 fair value views span roughly US$16 to a very large US$122, underlining how differently people see Alkami’s upside. Set that against recent client wins that help the growth story but do not yet resolve concerns about ongoing losses and a rich sales multiple, and it becomes clear why you may want to compare several viewpoints before forming a conviction.

Explore 11 other fair value estimates on Alkami Technology - why the stock might be worth over 5x more than the current price!

Build Your Own Alkami Technology Narrative

Disagree with this assessment? Create your own narrative in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• 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.
• Our free Alkami Technology research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Alkami Technology's overall financial health at a glance.

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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.