Piper Sandler raised the firm’s price target on Akamai to $130 from $121 and keeps an Overweight rating on the shares. The firm has updated its model to reflect FX movements intra-quarter, and rolling forward to 2025-based valuation. Piper notes that it continues to prefer more earnings resilient names in the space with reasonable valuations and catalysts within Infrastructure.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on AKAM:
- The cloud automation software stocks to own in 2024, according to Piper Sandler
- The cloud and communications stocks to own in 2024, according to Oppenheimer
- Akamai initiated with bullish view at Susquehanna, here’s why
- Akamai initiated with a Positive at Susquehanna
- Akamai initiated with bullish view at Susquehanna
