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Oppenheimer Raises Price Target For Akmai Technologies (AKAM)

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Analysts Srinivas Anantha and John Merrick at Oppenheimer have released an update on Akmai Technologies (NASDAQ: AKAM). Earlier this week, analysts attended the Streaming Media East conference in New York.

According to analysts, the key takeaways from the conference include price declines in CDN for large volume deals starting to moderate, rapid advances in tech that have led to the removal of barriers to online video delivery, and improving content monetization prospects.

Analysts believe that the advancing technological capabilities and changing consumer preferences will result in the rapid adoption of online video, accelerating CDN traffic and top-line growth over the coming quarters. Akmai in particular stands to benefit from these changes.

Analysts at Oppenheimer have maintained their Outperform rating for Akmai Technologies. The price target for the company has been raised from $40 to $47.

Posted-In: John Merrick Oppenheimer Srinivas AnanthaAnalyst Color Price Target Analyst Ratings

 

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