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Analyst Rating: Will Akamai Technologies, Inc. (AKAM) Stock Lead the Market?

Monday, October 04, 2021 01:28 PM | InvestorsObserver Analysts

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Analyst Rating: Will Akamai Technologies, Inc. (AKAM) Stock Lead the Market?

Wall Street is positive on Akamai Technologies, Inc. (AKAM). On average, analysts give Akamai Technologies, Inc. a Strong Buy rating. The average price target is $132.272, which means analysts expect the stock to add by 28.33% over the next twelve months. That average ranking earns Akamai Technologies, Inc. an Analyst Rating of 41, which is better than 41% of stocks based on data compiled by InvestorsObserver.

Overall Score - 4.2
Wall Street analysts are rating AKAM a Strong Buy today. Find out what this means to you and get the rest of the rankings on AKAM!

Why are Analyst Ratings Important?

A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement. InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.

What's Happening With Akamai Technologies, Inc. Stock Today?

Akamai Technologies, Inc. (AKAM) stock is trading at $103.07 as of 1:22 PM on Monday, Oct 4, a loss of -$2.41, or -2.28% from the previous closing price of $105.48. The stock has traded between $102.55 and $104.55 so far today. Volume today is less active than usual. So far 625,695 shares have traded compared to average volume of 1,180,165 shares. Click Here to get the full Stock Report for Akamai Technologies, Inc. stock.

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