Shares of Akamai Technologies are flat in pre-market trading on Tuesday morning.
The firm raised its price target on the company, which provides content delivery and cloud infrastructure services for the delivery of content and applications across the Internet, as it believes Akamai will be able to realize better operating leverage.
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D.A Davidson's price target suggests a potential upside of 34.82% from the stock's previous closing price, WKRB13.com reports.
Separately, TheStreet Ratings team rates AKAMAI TECHNOLOGIES INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate AKAMAI TECHNOLOGIES INC (AKAM) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, robust revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."