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Symbol AKAM
Name Akamai Technologies, Inc.
Currency USD
Sector Information Technology
IndustryGroup Software & Services
Industry Software
Market NASDAQ Global Select
Country United States
State MA
City Cambridge
Zipcode 2142
Website http://www.akamai.com
UBS Group has initiated coverage on Akamai Technologies (NASDAQ:AKAM) with a "neutral" rating and a $110 price target, indicating an 11.56% upside. Other analysts have varied ratings, with a consensus of "Moderate Buy" and a target price of $117.21. The stock recently traded at $98.60, with a 52-week range of $84.70 to $129.17.
UBS Group has initiated coverage on Akamai Technologies (NASDAQ:AKAM) with a "neutral" rating and a $110 price target, indicating an 11.56% upside. Other analysts have varied opinions, with Oppenheimer and HSBC upgrading their ratings to "outperform" and "buy," respectively, while the consensus rating remains a "Moderate Buy" with a target price of $117.21. Akamai's stock recently traded at $98.60, with a market cap of $14.81 billion and a P/E ratio of 29.17.
Akamai Technologies, Inc. is the leading provider of Internet applications and content delivery acceleration services, organized into three main areas: content distribution, application development, and data management. By the end of 2023, the company operated over 350,000 servers across more than 1,300 networks globally, with the United States representing 51.7% of net sales.
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