Scotiabank analyst Patrick Colville raised the firm’s price target on Akamai (AKAM) to $120 from $105 and keeps an Outperform rating on the shares. The company’s shares have risen in valuation, which the firm views as reasonable since the stock is well insulated from copycats and is an AI winner, the analyst tells investors.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AKAM:
- Akamai price target lowered to $100 from $104 at TD Cowen
- Akamai price target raised to $120 from $105 at Susquehanna
- Balanced Risk-Reward Amid Strong Execution and Rising AI Investment: Why Akamai Merits a Hold Rating
- Akamai price target raised to $115 from $105 at Evercore ISI
- Akamai price target raised to $110 from $90 at Baird