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Akamai initiated with a Buy at Guggenheim
Guggenheim initiated Akamai with a Buy and a $75 price target.
Akamai has reached positive turning point, says SunTrust
After Akamai reported stronger than expected Q3 results, SunTrust analyst Greg Miller says that investors' views towards the company have reached a positive turning point since its risks from do-it-yourself are dropping, while tis security business is "rapidly accelerating." The analyst raised his price target on the shares to $72 from $66 and keeps a Buy rating on the stock.
JPMorgan says Amazon competing with Akamai, VeriSign, NeuStar with new product
JPMorgan analyst Sterling Auty noted that Amazon (AMZN), at its "re:Invent" conference, unveiled AWS Shield, its new DDoS protection service for web applications. While recent online attacks against big-name media companies have increased attention in this area, this product puts Amazon in competition with others that have DDoS protection services, including Akamai (AKAM), Verisign (VRSN) and Neustar (NSR), Auty tells investors.
Akamai upgraded to Outperform from Perform at Oppenheimer
Oppenheimer analyst Timothy Horan upgraded Akamai (AKAM) to Outperform saying the Trump administration and Republican-led Congress should be very positive for the Communication and Cloud sector. Lower taxes, less regulation, incentives to spend on infrastructure and "what could be a unique time to roll out disruptive services and consolidate should be very positive for our sector," Horan tells investors in a research note. He has an $80 price target for Akamai shares. The analyst also raised his price target for Microsoft to $70 from $65 and for Boingo Wireless (WIFI) to $15 from $12. Both of the stocks remain Outperform rated.
On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Akamai (AKAM) upgraded to Outperform from Perform at Oppenheimer with analyst Timothy Horan saying the Trump administration and Republican-led Congress should be very positive for the Communication and Cloud sector. 2. NVIDIA (NVDA) upgraded to Buy from Hold at Evercore ISI with analyst C.J. Muse saying he expects Data Center revenues to growth at 50% CAGBR, driving consensus estimates higher. 3. 21st Century Fox (FOX, FOXA) upgraded to Buy from Hold at Brean Capital with analyst Alan Gould saying the selloff since the Sky (SKYAY) announcement is overdone. 4. Kroger (KR) upgraded to Neutral from Underweight at Piper Jaffray with analyst Sean Naughton citing an improved relative valuation and the potential for a return of food inflation. 5. SeaWorld (SEAS) upgraded to Outperform from Neutral at Macquarie with analyst Matthew Brooks citing increased confidence in the turnaround and the repair of the SeaWorld brand. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage,
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