In a report released today, Timothy Horan from Oppenheimer maintained a Buy rating on Akamai (NASDAQ: AKAM). The company’s shares opened today at $75.24.
According to TipRanks.com, Horan is a top 25 analyst with an average return of 17.9% and a 78.6% success rate. Horan covers the Technology sector, focusing on stocks such as Interxion Holding NV, Boingo Wireless Inc, and Zayo Group Holdings.
Currently, the analyst consensus on Akamai is a Moderate Buy with an average price target of $87.44, implying a 16.2% upside from current levels. In a report issued on July 31, Credit Suisse also maintained a Buy rating on the stock with a $88 price target.
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Akamai’s market cap is currently $12.79B and has a P/E ratio of 74.19. The company has a Price to Book ratio of 3.71.
Based on the recent corporate insider activity of 64 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.
