JPMorgan has refreshed its analyst-curated focus list, spotlighting two standout names – Alphabet Inc (NASDAQ: GOOGL) and Alkami Technology Inc (NASDAQ: ALKT).
The bank’s monthly update reflects top picks across growth, value, income, and short strategies.
It latest reshuffle follows a strong October for equities, with major indices posting solid gains on the back of robust earnings from tech giants.
Despite macro uncertainties like the government shutdown and interest rate decisions, JPMorgan remains bullish on select names poised to outperform.
Alphabet and Alkami now sit atop its November recommendations – each backed by compelling fundamentals and strategic momentum.
JPM’s bull case for Alphabet stock
Alphabet’s inclusion in JPMorgan’s focus list underscores its multi-pronged growth story.
The tech behemoth posted impressive third-quarter results, with strength across advertising, cloud services, and AI infrastructure in October – gaining as much as 3.0% post-earnings.
In its latest research note, JPM cited Alphabet’s expanding monetization potential in digital search and accelerating Google Cloud growth as key drivers.
The firm also praised its “durable reengineering of costs,” which helps offset elevated capex – a nod to its disciplined approach amid aggressive AI investments.
With AI reshaping the digital economy, Alphabet’s deep integration of machine learning across its ecosystem positions it as a long-term winner.
Its diversified revenue streams, solid balance sheet, and continued innovation make it a core holding for growth-focused investors.
JPMorgan’s endorsement reflects confidence in Alphabet’s ability to compound value through both operational efficiency and strategic expansion – and other Wall Street firms seem to agree with its bullish stance.
The consensus rating on Google stock currently stands at “buy” with a mean target of approximately $319, indicating potential upside of nearly 15% from current levels.
JPM’s bull case for Alkami stock
Alkami Technology may not be a household name, but JPMorgan sees meaningful upside in this digital banking solutions provider.
ALKT shares had a difficult October, losing about 18% but analysts believe Alkami’s fundamentals remain strong.
The Nasdaq-listed firm ended its latest reported quarter with $16 million EBITDA, beating consensus estimates.
While revenue came in slightly below expectations, JPM highlighted Alkami’s record customer implementations and robust annual recurring revenue growth.
These metrics signal a sticky client base and scalable business model.
As regional banks and credit unions modernize their tech stacks, ALKT stands to benefit from higher demand for cloud-native platforms.
JPMorgan views the recent pullback as a buying opportunity, especially given the firm’s improving margins and expanding footprint.
For investors seeking exposure to fintech innovation with long-term growth potential, Alkami shares offer a compelling entry point amid a clear path to profitability.
JPM isn’t alone in recommending investing in ALKT.
The consensus “buy” rating on Alkami comes with a mean target of about $33 currently, indicating potential upside of roughly 65% from here.
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