These Analysts Increase Their Forecasts On Akamai Technologies After Strong Earnings
Portfolio Pulse from Avi Kapoor
Akamai Technologies (NASDAQ:AKAM) reported strong Q2 earnings, beating analyst estimates on both EPS and sales. The company raised its FY24 adjusted EPS guidance and tightened its sales guidance. Analysts have increased their price targets for Akamai following the earnings announcement.
August 09, 2024 | 6:09 pm
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Akamai Technologies reported better-than-expected Q2 earnings and raised its FY24 EPS guidance. Analysts have increased their price targets, leading to an 11.1% rise in share price.
Akamai's strong Q2 performance and raised guidance indicate robust business health, leading to increased analyst price targets and a significant rise in share price. This positive sentiment is likely to continue in the short term.
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