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UPDATE: Pacific Crest Upgrades Akamai to Outperform, Sets New $65 Price Target

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In a report issued Wednesday, Pacific Crest Securities upgraded its rating on Akamai Technologies, Inc. (NASDAQ: AKAM) from Sector Perform to Outperform and set a $65 price target.

Analyst Chad Bartley of Pacific Crest believes media traffic growth will drive upside during the second quarter. This, paired with a “more bullish outlook for the CDN segment,” has Bartley anticipating a positive future for Akamai Technologies.

A few hours into Wednesday's trading session, shares of Akamai are up 2.5 percent to $54.66. Bartley's new price target

Latest Ratings for AKAM

DateFirmActionFromTo
Jul 2016Pacific CrestDowngradesOverweightSector Weight
Jul 2016Goldman SachsMaintainsSell
Jul 2016SunTrust Robinson HumphreyInitiates Coverage onBuy

View More Analyst Ratings for AKAM
View the Latest Analyst Ratings

Posted-In: Analyst Color News Upgrades Price Target Analyst Ratings

 

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