Credit Suisse Believes Akamai (AKAM) Still Has Room to Grow


In a report issued on May 17, Brad Zelnick from Credit Suisse maintained a Buy rating on Akamai (NASDAQ: AKAM), with a price target of $88. The company’s shares closed yesterday at $75.34, close to its 52-week high of $78.28.

According to TipRanks.com, Zelnick is a 4-star analyst with an average return of 10.3% and a 61.3% success rate. Zelnick covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Ultimate Software, and Salesforce.com.

Akamai has an analyst consensus of Moderate Buy, with a price target consensus of $85.15.

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The company has a one-year high of $78.28 and a one-year low of $44.65. Currently, Akamai has an average volume of 1.53M.

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Akamai Technologies, Inc. provides 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.

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