HSBC Initiates Coverage On Akamai Techs with Hold Rating, Announces Price Target of $106
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Stephen Bersey has initiated coverage on Akamai Techs (NASDAQ:AKAM) with a Hold rating and a price target of $106.

September 29, 2023 | 10:41 am
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HSBC has initiated coverage on Akamai Techs with a Hold rating and a price target of $106.
The news is directly about Akamai Techs and is likely to influence investor sentiment. The Hold rating suggests that the stock is expected to perform in line with the market or sector in the next 12 months, while the price target of $106 provides a reference point for investors. However, the impact on the stock price in the short term is uncertain as it depends on the market's reaction to the news.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100