Akamai Technologies (AKAM) stock is expected to deviate a maximum of $10.44 from the average target price of $57.77 for the short term period. 13 Street Experts have initiated coverage on the stock with the most promising target being $75 and the most muted being $35.
Akamai Technologies (AKAM) : The consensus on Akamai Technologies (AKAM) based on 20 analyst recommendation on the company stock is 2.2, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 10 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 8 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
Also, Wells Fargo upgrades its view on Akamai Technologies (NASDAQ:AKAM) according to the research report released by the firm to its investors. The shares have now been rated Outperform by the stock experts at the ratings house. Earlier, the shares had a rating of Market Perform. The rating by the firm was issued on August 12, 2016.
Akamai Technologies (NASDAQ:AKAM): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $54.82 and $54.16 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $55.08. The buying momentum continued till the end and the stock did not give up its gains. It closed at $55.07, notching a gain of 0.31% for the day. The total traded volume was 1,770,093 . The stock had closed at $54.90 on the previous day.
Akamai Technologies, Inc. is a provider of cloud services for delivering, optimizing and securing online content and business applications. Its solutions include delivery of conventional content on Websites, tools that support the delivery and operation of cloud-based applications, as well as security solutions, and live and on-demand streaming video capabilities. The Companys solutions include Media Delivery Solutions, Performance and Security Solutions, and Service and Support Solutions. Media Delivery Solutions are designed to enable enterprises to execute their digital media distribution strategies. Performance and Security Solutions are designed to utilize the Companys core content and application delivery technologies of the Company to make the Internet work better. Service and Support Solutions offer professional services and solutions.