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AKAM

Akamai

$63.67

0.86 (1.37%)

05:15
02/07/18
02/07
05:15
02/07/18
05:15

Akamai price target raised to $80 from $75 at Deutsche Bank

Deutsche Bank analyst Vijay Bhagavath raised his price target for Akamai Technologies to $80 citing accelerating fundamentals following the company's "solid" Q4 results. Akamai pointed to expanding Media Delivery traffic share and growth in new Performance and Security products, the analyst tells investors in a research note. He keeps a Buy rating on the shares.

  • 05

    Mar

AKAM Akamai
$63.67

0.86 (1.37%)

01/10/18
JPMS
01/10/18
NO CHANGE
Target $75
JPMS
Neutral
JPMorgan ups Akamai target to $75 after analyzing its strategic options
JPMorgan analyst Sterling Auty raised his price target for Akamai Technologies to $75 after analyzing the company's strategic alternatives. The analyst explored where value can be created through three separate scenarios in light of the activist investor filing in December and Tuesday's Bloomberg report suggesting that the company is working with an investment bank to explore alternatives. Auty's scenarios for Akamai include remaining a standalone company and improving its fundamentals, a leveraged buyout and a strategic acquisition. These alternatives suggest stock prices of $84/$84/$80 for the end of 2018 or at the time of transaction, Auty tells investors in a research note. He believes standalone improvement or leveraged buyout "may make the most sense."
01/11/18
KEYB
01/11/18
DOWNGRADE
Target $51
KEYB
Underweight
Akamai downgraded to Underweight from Sector Weight at KeyBanc
KeyBanc analyst Brandon Nispel downgraded Akamai Technologies to Underweight with a price target of $51. The stock closed yesterday down $1.16 to $66.33. Activist Elliot Management's involvement as well Akamai's own strategic review increase the likelihood of a takeout, and put a higher focus on removing costs, but this will take time, Nispel tells investors in a research note. The analyst, however, sees a takeover as unlikely and believes the current valuation is "elevated" given the company's "deteriorating fundamental profile." Nispel does not expect any buyout interest from competitors. And he estimates that under a leveraged buyout scenario, Akamai could receive a 20%-25% premium.
01/11/18
01/11/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Akamai (AKAM) downgraded to Underweight from Sector Weight at KeyBanc with analyst Brandon Nispel saying activist Elliot Management's involvement as well Akamai's own strategic review increase the likelihood of a takeout, and put a higher focus on removing costs, but this will take time. 2. Tractor Supply (TSCO) downgraded to Neutral from Outperform at Wedbush with analyst Seth Basham citing valuation. 3. American Water (AWK) downgraded to Neutral from Buy at BofA/Merrill with analyst Julien Dumoulin-Smith citing premium valuation and guidance fears. 4. Acuity Brands (AYI) downgraded to Neutral from Buy at Seaport Global with analyst Matt McCall citing persistent pressures expected the next 1-2 quarters and import pressure concerns. 5. Hawaiian Holdings (HA) downgraded to Hold from Buy at Argus with analyst John Staszak saying he expects Hawaiian's yields to deteriorate as both United Continental (UAL) and Southwest (LUV) enter the West Coast-to-Hawaii market. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/12/18
OPCO
01/12/18
NO CHANGE
Target $80
OPCO
Outperform
Oppenheimer sees 30% chance of Akamai sale or leveraged buyout
Oppenheimer analyst Timothy Horan thinks a sale or leveraged buyout of Akamai Technologies has a 30% probability. If buyers view the company as a software company, $4.30 in estimated free cash flow would suggest an $80 per share buyout price is achievable, Horan tells investors in a research note. The analyst sees a 50% probability of incremental improvements through a stock buyback and/or restructuring. He agrees with activist Elliott Management that Akamai's cost structure is too high for its growth rate and that its balance sheet is "absurdly" underlevered. Horan keeps an Outperform rating on Akamai with an $80 price target.

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