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Analyst Delivers Bull Note on Akamai Delivery Praise
AKAMAkamai(AKAM) Schaeffers Investment Research·2024-07-29 22:14

Akamai Technologies, Inc. (NASDAQ:AKAM) is 0.9% higher at $97.87 at last look, after Guggenheim upgraded shares to "buy" from "neutral." The analyst also hiked its price target to $128, a 32% premium to Friday's close, citing the cloud company's leadership in the content delivery network business as the main catalyst for its bull note.AKAM opened today's session at $98.95,and bounced back above its 100-day moving average that has acted as pressure since mid-February. Winning four of the last five weeks, the ...