10 Best M&A Target Stocks to Buy Now

7. Alkami Technology, Inc. (NASDAQ:ALKT)

Short Percentage of Float: 14.05%

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.