Craig-Hallum Maintains Hold on Akamai Techs, Lowers Price Target to $110
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Jeff Van Rhee maintains a Hold rating on Akamai Technologies (AKAM) and lowers the price target from $120 to $110.

May 10, 2024 | 4:20 pm
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Akamai Technologies' price target was reduced from $120 to $110 by Craig-Hallum, while maintaining a Hold rating.
A reduction in the price target by an analyst, especially from a reputable firm like Craig-Hallum, can lead to negative investor sentiment in the short term. Although the Hold rating was maintained, the lowered price target suggests a tempered outlook on the stock's performance, potentially leading to a decrease in stock price.
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