Market Overview

Jefferies Raises Akamai PT From $45 To $60


Jefferies & Company is raising its Akamai Technologies, Inc. (NASDAQ: AKAM) PT from $45 to $60.

Jefferies is also raising its EPS estimates. “Our new Q4:10 revenue/EPS estimate is $285mm/39c vs $280mm/38c previously. Guidance is $272-285mm/35-38c,” Jefferies writes. “The flow through from the expected Q4 upside leads us to increase our 2011 estimates to $1,194mm/$1.73 from $1,173mm/$1.68.”

Akamai closed Monday at $52.91.


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