In a report released today, Ivan Feinseth from Tigress Financial reiterated a Buy rating on Akamai (AKAM – Research Report), with a price target of $168.00. The company’s shares closed last Wednesday at $112.26.
According to TipRanks.com, Feinseth is a 5-star analyst with an average return of 15.9% and a 64.4% success rate. Feinseth covers the Technology sector, focusing on stocks such as Weave Communications, Alphabet Class A, and Cisco Systems.
Currently, the analyst consensus on Akamai is a Moderate Buy with an average price target of $140.50, implying a 24.8% upside from current levels. In a report issued on January 12, Robert W. Baird also maintained a Buy rating on the stock with a $125.00 price target.
Akamai’s market cap is currently $18.29B and has a P/E ratio of 30.92.
Based on the recent corporate insider activity of 98 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AKAM in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Akamai Technologies, Inc. engages in the provision of cloud services for delivering, optimizing and securing content and business applications over the Internet. Its products offers web and mobile performance solutions, cloud security solutions, enterprise solutions, network operator solutions, media delivery solutions and services and support solutions. It also engages in content delivery network, or CDN, services to make the Internet fast, reliable and secure. The company was founded by Frank Thomson Leighton, Jonathan Seelig, Randall S. Kaplan, and Daniel Mark Lewin on August 20, 1998 and is headquartered in Cambridge, MA.
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