DA Davidson analyst Rudy Kessinger raised the firm’s price target on Akamai to $118 from $100 and keeps a Buy rating on the shares. The analyst cites the company’s Q2 earnings beat and guidance raise across the board, as Security is now expected to be up 12%-14% Y/Y vs. “low double-digits” Y/Y previously expected.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on AKAM: