tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Akamai price target lowered to $84 from $110 at Raymond James

Raymond James lowered the firm’s price target on Akamai (AKAM) to $84 from $110 and keeps an Outperform rating on the shares. Results were better than expected, driven by a continued rebound in delivery as traffic growth is beginning to normalize, and over two-thirds of revenue now comes from compute and security, the analyst tells investors in a research note.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1