Akamai initiated with a Sell at Goldman Sachs

Goldman Sachs analyst Gabriela Borges initiated coverage of Akamai (AKAM) with a Sell rating and $67 price target which represents 5% share downside. The firm believes the company will be challenged to grow consistently in each of its segments. While the stock’s valuation already partly reflects this view, a re-rating will require progress with stabilizing Security revenue growth, improving returns on capex in Compute, and more evidence of long-term stabilization in Delivery, the analyst tells investors in a research note.