Akamai (AKAM) received a Hold rating and a $73 price target from Cowen & Co. analyst Colby Synesael today. The company’s shares closed on Monday at $61.08, close to its 52-week low of $58.33.
According to TipRanks.com, Synesael is a 5-star analyst with an average return of 13.6% and a 72.7% success rate. Synesael covers the Technology sector, focusing on stocks such as Interxion Holding NV, Zayo Group Holdings, and GDS Holdings Ltd.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Akamai with a $83.20 average price target.
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Akamai’s market cap is currently $10.01B and has a P/E ratio of 46.63. The company has a Price to Book ratio of 3.17.
Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock.
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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.
