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RBC Capital Starts Akamai Technologies (AKAM) at Sector Perform

March 24, 2016 6:22 AM EDT
Get Alerts AKAM Hot Sheet
Price: $108.76 -0.79%

Rating Summary:
    16 Buy, 19 Hold, 3 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 13 | Down: 11 | New: 11
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RBC Capital initiates coverage on Akamai Technologies (NASDAQ: AKAM) with a Sector Perform rating and a price target of $62.00.

Analyst Mark Mahaney commented, "Akamai helps customers conduct business on the Internet by delivering Websites and applications fast, reliably and securely. AKAM leverages its global server footprint and has developed solutions in product areas that target large, $13B+ markets. We view valuation as relatively balanced given growth, comps, & company-specific challenges."

For an analyst ratings summary and ratings history on Akamai Technologies click here. For more ratings news on Akamai Technologies click here.

Shares of Akamai Technologies closed at $55.12 yesterday.



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RBC Capital, Mark Mahaney