Alkami Technology, Inc. (NASDAQ:ALKT) is one of the best M&A target stocks to buy now.
Alkami Technology, Inc. (NASDAQ:ALKT) remained an M&A candidate after Reuters reported on April 1 that activist investor Jana Partners had disclosed a 5.1% stake in the digital banking software company. Reuters noted that Jana had previously urged Alkami to explore a sale to either a rival or a private equity firm, citing Bloomberg’s December report. The activist’s position gives the takeover angle a clearer shareholder-pressure component rather than relying only on broad fintech consolidation chatter.
The earlier sale push was tied to Jana’s view that Alkami was trading at a substantial discount after its shares had fallen sharply in 2025. Alkami’s business could be attractive to buyers because it provides cloud-based digital banking technology to banks and credit unions, a market where larger financial technology providers and private equity firms may value recurring software revenue and a specialized customer base. On April 29, the company reported first-quarter 2026 revenue of $126.1 million, up 29% year over year, and annual recurring revenue of $493.6 million, up 22%, adding a growth profile to the strategic-interest case.
Alkami Technology, Inc. (NASDAQ:ALKT) provides a cloud-based digital banking platform for financial institutions in the U.S., including banks and credit unions.
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.
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