TD Cowen Maintains Buy on Akamai Techs, Lowers Price Target to $129
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Michael Elias maintains a Buy rating on Akamai Technologies (AKAM) but lowers the price target from $130 to $129.

May 10, 2024 | 6:06 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
TD Cowen's adjustment of Akamai Technologies' price target reflects a slight recalibration of expectations, maintaining a positive outlook but with a marginally reduced valuation.
The adjustment in price target by TD Cowen is a minor change, indicating a continued positive outlook on Akamai Technologies but with a slightly reduced valuation expectation. This suggests confidence in the company's fundamentals but acknowledges potential headwinds or recalibrated growth expectations. The impact on the stock price in the short term is likely neutral, as the maintenance of a Buy rating signals continued analyst confidence, while the minor reduction in price target may slightly temper expectations.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100