B of A Securities Maintains Buy on Akamai Techs, Lowers Price Target to $125
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Madeline Brooks maintains a Buy rating on Akamai Technologies (AKAM) but lowers the price target from $145 to $125.

May 10, 2024 | 11:50 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
The maintained Buy rating suggests a positive outlook on Akamai Technologies by B of A Securities, although the reduction in price target from $145 to $125 indicates a tempered expectation for the stock's performance.
While the maintained Buy rating reflects continued confidence in Akamai Technologies' fundamentals and growth prospects, the lowered price target suggests that the analyst sees limited upside potential or increased risks that could temper the stock's performance in the short term. This mixed signal could lead to a neutral short-term impact on the stock as investors weigh the positive rating against the reduced price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100