RBC Capital analyst Rishi Jaluria raised the firm’s price target on Akamai (AKAM) to $80 from $75 and keeps a Sector Perform rating on the shares. The company reported mixed results, with noisy trends across the underlying businesses while Delivery showed signs of improvement, the analyst tells investors in a research note. With the underlying business going through a shift, the firm remains cautious on the near-term outlook, but also believes that risk-reward on the stock remains balanced.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AKAM:
- Akamai price target raised to $90 from $85 at UBS
- Akamai price target raised to $88 from $80 at Piper Sandler
- Akamai Technologies: Strong Q1 Performance Overshadowed by Cautious Outlook Amid Macroeconomic Uncertainties
- Akamai Technologies Reports Solid Q1 2025 Results
- Akamai Technologies: Hold Rating Maintained Amid Growth Deceleration and Margin Pressures