Raymond James Maintains Outperform on Akamai Techs, Lowers Price Target to $115
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Frank Louthan maintains an Outperform rating on Akamai Technologies (AKAM) but lowers the price target from $138 to $115.

May 10, 2024 | 4:59 pm
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Raymond James maintains an Outperform rating on Akamai Technologies but lowers the price target from $138 to $115, indicating a positive outlook with a reduced valuation expectation.
The maintenance of an Outperform rating by Raymond James suggests a continued positive outlook on Akamai Technologies, indicating confidence in the company's future performance. However, the reduction in the price target from $138 to $115 may reflect adjustments in valuation expectations, possibly due to market conditions or revised earnings forecasts. This mixed signal could lead to short-term price stability as investors digest the implications of a lower price target against a backdrop of continued endorsement by the analyst.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100