Akamai (AKAM) Receives a Buy from Needham


Needham analyst Alex Henderson maintained a Buy rating on Akamai (AKAM) today and set a price target of $102.00. The company’s shares closed last Monday at $84.92.

According to TipRanks.com, Henderson is a 5-star analyst with an average return of 14.2% and a 52.7% success rate. Henderson covers the Consumer Goods sector, focusing on stocks such as Lumentum Holdings, Ceragon Networks, and Extreme Networks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Akamai with a $99.18 average price target, which is a 16.4% upside from current levels. In a report issued on October 29, D.A. Davidson also maintained a Buy rating on the stock with a $105.00 price target.

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The company has a one-year high of $93.12 and a one-year low of $57.18. Currently, Akamai has an average volume of 1.59M.

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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.

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