Market Overview

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

Share:
Related AKAM
32 Stocks Moving In Friday's Pre-Market Session
36 Stocks Moving In Wednesday's Mid-Day Session

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
Oct 2017B. RileyMaintainsBuy
Oct 2017Credit SuisseMaintainsNeutral
Oct 2017NomuraMaintainsNeutral

View More Analyst Ratings for AKAM
View the Latest Analyst Ratings

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

 

Related Articles (AKAM)

View Comments and Join the Discussion!

Partner Center