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Do Analysts Agree on Limelight Networks, Inc. (LLNW) Stock's Target Price?

Thursday, September 10, 2020 10:39 AM | InvestorsObserver Analysts

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Do Analysts Agree on Limelight Networks, Inc. (LLNW) Stock's Target Price?

Wall Street is positive on Limelight Networks, Inc. (LLNW). On average, analysts give LLNW a Strong Buy rating. The average price target is $8.606, which means analysts expect the stock to rise by 57.04% over the next twelve months.

That average ranking earns LLNW an Analyst Rating of 68, which is better than 68% of stocks based on data compiled by InvestorsObserver.

Overall Score - 4.6
Wall Street analysts are rating LLNW a Strong Buy today. Find out what this means to you and get the rest of the rankings on LLNW!

Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected.

InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With Limelight Networks, Inc. Stock Today?

Limelight Networks, Inc. (LLNW) stock is up 3.2% while the S&P 500 is flat 0% as of 10:22 AM on Thursday, Sep 10. LLNW has risen $0.17 from the previous closing price of $5.31 on volume of 350,461 shares. Over the past year the S&P 500 has risen 13.26% while LLNW has risen 63.10%. LLNW lost -$0.06 per share the over the last 12 months.

Click Here to get the full report on Limelight Networks, Inc. (LLNW) Stock.

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