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Analysts Offer Insights on Technology Companies: Akamai (AKAM), Trade Desk (TTD) and Coinbase Global (COIN)

Analysts have been eager to weigh in on the Technology sector with new ratings on Akamai (AKAMResearch Report), Trade Desk (TTDResearch Report) and Coinbase Global (COINResearch Report).

Akamai (AKAM)

In a report released today, Alex Henderson from Needham maintained a Hold rating on Akamai. The company’s shares closed last Tuesday at $95.08.

According to TipRanks.com, Henderson is a 5-star analyst with an average return of 19.2% and a 58.0% success rate. Henderson covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, CyberArk Software, and Extreme Networks.

Akamai has an analyst consensus of Moderate Buy, with a price target consensus of $120.56, which is a 25.2% upside from current levels. In a report released today, Citigroup also maintained a Hold rating on the stock with a $98.00 price target.

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

Trade Desk (TTD)

Wells Fargo analyst Brian Fitzgerald maintained a Buy rating on Trade Desk today and set a price target of $100.00. The company’s shares closed last Tuesday at $54.50.

According to TipRanks.com, Fitzgerald is a 5-star analyst with an average return of 18.3% and a 57.2% success rate. Fitzgerald covers the Technology sector, focusing on stocks such as IAC/InteractiveCorp., Integral Ad Science, and Activision Blizzard.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Trade Desk with a $73.50 average price target, representing a 37.4% upside. In a report issued on August 1, KeyBanc also maintained a Buy rating on the stock with a $52.00 price target.

Coinbase Global (COIN)

Needham analyst John Todaro reiterated a Buy rating on Coinbase Global today and set a price target of $89.00. The company’s shares closed last Tuesday at $87.68, close to its 52-week low of $40.83.

According to TipRanks.com, Todaro is ranked #7403 out of 7991 analysts.

Coinbase Global has an analyst consensus of Moderate Buy, with a price target consensus of $107.30, which is a 14.3% upside from current levels. In a report released today, Piper Sandler also maintained a Buy rating on the stock with a $115.00 price target.

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