Analyst Expectations for Akamai Techs's Future
Portfolio Pulse from Benzinga Insights
Over the past 3 months, 10 Wall Street analysts have provided ratings for Akamai Technologies (NASDAQ:AKAM), with an average price target of $116.3, which is below the current price of $118.65. The ratings include 1 bullish, 3 somewhat bullish, 5 indifferent, and 1 somewhat bearish. The average price target has increased by 14.18% over the past month.
December 15, 2023 | 3:01 pm
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Analysts have a mixed view on Akamai Technologies with an average price target of $116.3, which is below the current stock price, suggesting a potential downside.
The average price target being below the current stock price typically indicates that analysts expect the stock to perform worse in the future. The increase in the target price over the past month may mitigate the negative impact slightly, but the overall sentiment remains cautious.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100