Akamai Technologies PT Raised to $54.00 at Jefferies Group (AKAM)
Equities research analysts at Jefferies Group lifted their target price on shares of Akamai Technologies (NASDAQ:AKAM) from $52.00 to $54.00 in a research note issued to investors on Friday, StockRatingsNetwork reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s price target indicates a potential upside of 1.54% from the company’s current price.
A number of other firms have also recently commented on AKAM. Analysts at Zacks reiterated a “neutral” rating on shares of Akamai Technologies in a research note on Tuesday. They now have a $54.00 price target on the stock. Separately, analysts at B. Riley upgraded shares of Akamai Technologies from a “neutral” rating to a “buy” rating in a research note on Thursday, April 10th. They now have a $68.00 price target on the stock, up previously from $52.00. Finally, analysts at Cowen and Company raised their price target on shares of Akamai Technologies from $64.00 to $69.00 in a research note on Thursday, March 27th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $62.31.
Shares of Akamai Technologies (NASDAQ:AKAM) opened at 53.18 on Friday. Akamai Technologies has a 1-year low of $40.08 and a 1-year high of $63.15. The stock’s 50-day moving average is $56.03 and its 200-day moving average is $51.60. The company has a market cap of $9.494 billion and a price-to-earnings ratio of 33.87. Akamai Technologies also saw some unusual options trading on Wednesday. Stock investors purchased 19,247 call options on the stock. This is an increase of 282% compared to the typical daily volume of 5,040 call options.
Akamai Technologies (NASDAQ:AKAM) last released its earnings data on Thursday, May 1st. The company reported $0.58 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.54 by $0.04. The company had revenue of $454.00 million for the quarter, compared to the consensus estimate of $440.43 million. During the same quarter last year, the company posted $0.43 earnings per share. Akamai Technologies’s revenue was up 23.4% compared to the same quarter last year. Analysts expect that Akamai Technologies will post $2.23 EPS for the current fiscal year.
Akamai Technologies, Inc (NASDAQ:AKAM) provides content delivery and cloud infrastructure services for the delivery of content and applications over the Internet.
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