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AKAM

Akamai

$63.67

0.86 (1.37%)

05:44
02/07/18
02/07
05:44
02/07/18
05:44

Akamai price target raised to $78 from $59 at Piper Jaffray

Piper Jaffray analyst Michael Olson raised his price target for Akamai Technologies to $78 citing the company's "strong" Q4 results. If the company's visibility into the media delivery business has, in fact, improved, investors would likely be willing to assign a higher multiple to the stock, Olson tells investors in a post-earnings research note. He maintains an Overweight rating on Akamai.

  • 05

    Mar

AKAM Akamai
$63.67

0.86 (1.37%)

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.
02/07/18
DBAB
02/07/18
NO CHANGE
Target $80
DBAB
Buy
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.

TODAY'S FREE FLY STORIES

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CMG

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CMG

Chipotle

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H

Hyatt

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H

Hyatt

$79.73

-0.02 (-0.03%)

22:09
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FLS

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$44.05

1.18 (2.75%)

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  • 22

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FLS

Flowserve

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1.18 (2.75%)

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ANAB

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$126.45

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LRCX

Lam Research

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C

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CMI

Cummins

$165.60

0.58 (0.35%)

JPM

JPMorgan

$114.68

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JNJ

Johnson & Johnson

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WMT

Walmart

$104.78

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PFE

Pfizer

$36.26

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CSCO

Cisco

$44.33

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ABBV

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PEP

PepsiCo

$111.06

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MMM

3M

$236.67

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BMY

Bristol-Myers

$68.96

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UTX

United Technologies

$129.26

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TXN

Texas Instruments

$104.47

-0.1 (-0.10%)

ABT

Abbott

$60.17

0.67 (1.13%)

HOV

Hovnanian

$2.24

0.12 (5.66%)

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CUB

Cubic

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HCLP

Hi-Crush Partners

$12.40

0.25 (2.06%)

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  • 20

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HCLP

Hi-Crush Partners

$12.40

0.25 (2.06%)

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  • 20

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FSS

Federal Signal

$19.40

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BCE

BCE

$44.49

-0.02 (-0.04%)

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  • 26

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PRGX

PRGX Global

$7.95

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  • 23

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CRMT

America's Car-Mart

$46.25

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  • 20

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TAX

Liberty Tax

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Liberty Tax

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HLX

Helix Energy

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  • 20

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EMES

Emerge Energy

$7.77

0.12 (1.57%)

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WM

Waste Management

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1.13 (1.34%)

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