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Fly News Breaks for May 1, 2018
AKAM
May 1, 2018 | 07:08 EDT
SunTrust analyst Greg Miller raised his price target on Akamai to $78 after its Q1 earnings beat and above-consensus guidance, saying the company has "moved past" the headwinds in media with new product launches and cost reductions. The analyst expects Akamai to continue to benefit from secular growth trends such as "over-the-top" media proliferation and sees the near-term outlook as "more bullish". Miller also keeps his Hold rating, noting that the stock valuation looks less compelling given the volatility around media.
News For AKAM From the Last 2 Days
