Expert Ratings For Akamai Techs
Portfolio Pulse from Benzinga Insights
Analysts have provided mixed ratings for Akamai Technologies (NASDAQ:AKAM) with 4 somewhat bullish, 2 indifferent, and 1 somewhat bearish ratings. The average 12-month price target for AKAM has been raised to $121.29, up from $107.00. Key analysts from firms like Keybanc, Susquehanna, and Morgan Stanley have adjusted their price targets and ratings, reflecting a response to market conditions and company performance. Akamai operates a significant CDN and security business, showing strong financial health with a market cap above industry average, a net margin of 16.63%, and an ROE of 3.73%. However, its revenue growth rate of 9.48% is below the IT sector average.
January 19, 2024 | 3:00 pm
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POSITIVE IMPACT
Akamai Technologies has received mixed analyst ratings but an increased average price target of $121.29, indicating a positive outlook. The company's strong financial health and market position are likely to be viewed favorably by investors.
The increase in the average price target and positive adjustments by key analysts suggest a bullish sentiment towards AKAM's stock in the short term. The company's strong financial metrics, such as net margin and ROE, support this positive outlook. However, the mixed ratings and below-average revenue growth compared to the sector may temper the impact.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100