Piper Sandler raised the firm’s price target on Akamai (AKAM) to $114 from $97 and keeps a Neutral rating on the shares. The firm says it dived into the opportunity and the narrative for the stock, coming away incrementally more positive, but not enough to turn positive as much of the multiple expansion factors in success already.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AKAM:
- Midday Fly By: Amazon said to eye Globalstar, Tesla deliveries miss consensus
- Wingstop upgraded, Wix downgraded: Wall Street’s top analyst calls
- Akamai: Strong Run and Elevated Capex Justify Neutral Stance Despite Solid Long-Term Growth Outlook
- Akamai downgraded to Neutral from Outperform at Baird
- Akamai announces agreement with State of Montana