Susquehanna raised the firm’s price target on Akamai (AKAM) to $120 from $105 and keeps a Positive rating on the shares. The firm said Akamai is seeing generally solid top-line trends, but is investing into its growth initiatives, weighing on near-term profitability. The firm continues to believe Akamai has a significant opportunity ahead, particularly in security and compute.
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:
- 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
- Akamai price target raised to $110 from $90 at UBS
- Akamai price target raised to $120 from $115 at KeyBanc