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Analysts Offer Insights on Technology Companies: Akamai (AKAM) and Informatica (INFA)

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Akamai (AKAMResearch Report) and Informatica (INFAResearch Report) with bullish sentiments.

Akamai (AKAM)

RBC Capital analyst Rishi Jaluria maintained a Buy rating on Akamai on February 16 and set a price target of $140.00. The company’s shares closed last Thursday at $102.93.

According to TipRanks.com, Jaluria is a 4-star analyst with an average return of 10.3% and a 51.1% success rate. Jaluria covers the Technology sector, focusing on stocks such as Zoom Video Communications, Duck Creek Technologies, and Palantir Technologies.

Akamai has an analyst consensus of Moderate Buy, with a price target consensus of $130.78, a 25.3% upside from current levels. In a report issued on February 16, FBN Securities also maintained a Buy rating on the stock with a $130.00 price target.

See today’s best-performing stocks on TipRanks >>

Informatica (INFA)

In a report released yesterday, Matthew Hedberg from RBC Capital maintained a Buy rating on Informatica, with a price target of $40.00. The company’s shares closed last Thursday at $20.18.

According to TipRanks.com, Hedberg is a 5-star analyst with an average return of 17.3% and a 51.0% success rate. Hedberg covers the Technology sector, focusing on stocks such as Ping Identity Holding, DoubleVerify Holdings, and CrowdStrike Holdings.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Informatica with a $38.33 average price target, representing a 53.0% upside. In a report issued on February 9, UBS also maintained a Buy rating on the stock with a $39.00 price target.

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