Wells Fargo analyst Gray Powell upgraded Akamai Technologies to Outperform citing more confidence in the potential for the company's revenue growth to reaccelerate in 2017. After analyzing past cycles in the CDN space, the analyst believes consensus estimates calling for 10% year-over-year growth in 2017 are achievable if not conservative. Further, Akamai's CEO "continues to aggressively buy stock with personal funds at current levels," Powell tells investors in a research note. He raised his price target range for the shares to $59-$62 from $51-$54.