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Fly News Breaks for February 12, 2020
AKAM
Feb 12, 2020 | 08:49 EDT
Craig-Hallum analyst Jeff Van Rhee raised his price target for Akamai to $115 from $110 as the company finished out 2019 "strong," with a big top and bottom line beat in Q4. The analyst notes that Akamai continues to leverage its "highly differentiated" security offerings and is targeting over $1B in security revenue in 2020, just barely scratching the surface of the opportunity. Van Rhee maintains a Buy rating on the shares.