After MKM Partners and D.A. Davidson gave Akamai (NASDAQ: AKAM) a Buy rating last month, the company received another Buy, this time from Tigress Financial. Analyst Ivan Feinseth reiterated a Buy rating on Akamai today. The company’s shares opened today at $72.51.
According to TipRanks.com, Feinseth is a 5-star analyst with an average return of 19.9% and a 72.4% success rate. Feinseth covers the Services sector, focusing on stocks such as Bloomin’ Brands, Starbucks Corp, and Nordstrom Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Akamai with a $87.25 average price target.
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The company has a one-year high of $83.08 and a one-year low of $46.97. Currently, Akamai has an average volume of 1.64M.
Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AKAM in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Akamai Technologies, Inc. engages in the provision of cloud services for delivering, optimizing and securing content and business applications over the Internet. Its products offers web and mobile performance solutions, cloud security solutions, enterprise solutions, network operator solutions, media delivery solutions and services and support solutions.
