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Fly News Breaks for February 12, 2020
Feb 12, 2020 | 09:27 EDT
DA Davidson analyst Rishi Jaluria raised his price target on Akamai (AKAM) to $115 and kept his Buy rating after its "strong" Q4 results driven by security growth, upside from OTT launches, and e-commerce. The analyst is also raising his FY20 EPS view by 22c to $4.82, with a positive view on its market leadership position in CDN, growing security business, and OTT opportunities as Disney+ (DIS) expand internationally and Peacock/HBO Max services are launched.