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A statement released earlier today by Nomura about Akamai Technologies, Inc. (NASDAQ:AKAM) bumps the target price to $50.00

Yesterday Akamai Technologies, Inc. (NASDAQ:AKAM) traded -1.17% lower at $47.62. The company’s 50-day moving average is $49.55 and its 200-day moving average is $50.08. The last stock close price is down 4.59% relative to the two hundred day average, compared with the S&P 500 Index which has increased 0.02% over the same time. 1,563,153 shares of the stock were exchanged, down from an average trading volume of 1,868,620

Indicating a possible upside of 0.05%, Nomura raised the target price of Akamai Technologies, Inc. (NASDAQ:AKAM) to $50.00

Previously on 5/15/2017, Robert W. Baird released a statement about Akamai Technologies, Inc. (NASDAQ:AKAM) reduced the target price from $60.00 to $55.00. At the time, this indicated a possible upside of 0.10%.

See Chart Below

Akamai Technologies, Inc. (NASDAQ:AKAM)

Akamai Technologies, Inc. has a 52 week low of $44.65 and a 52 week high of $71.64 with a P/E ratio of 29.91 The company’s market cap is currently $0.

Also covering Akamai Technologies, Inc.'s target, a total of 20 analysts have released a report on Akamai Technologies, Inc.. The 12-month price target is $60.75 with five equity analysts rating the company a strong buy, nine equity analysts rating the stock a buy, 9 brokers rating the stock a hold, 2 firms rating the stock a underperform, and finally 1 brokerage rating the company a sell.

General Company Details For Akamai Technologies, Inc. (NASDAQ:AKAM)

Akamai Technologies, Inc. is engaged in providing cloud services for delivering, optimizing and securing content and business applications over the Internet. The Company is involved in offering content delivery network (CDN) services. Its services include the delivery of content, applications and software over the Internet, as well as mobile and security solutions. Its solutions include Performance and Security Solutions, Media Delivery Solutions, and Service and Support Solutions. Its Performance and Security Solutions include Web and Mobile Performance Solutions, Cloud Security Solutions, Enterprise Solutions and Network Operator Solutions. The Media Delivery Solutions offerings include Adaptive Delivery solutions, Download Delivery offerings, Infinite Media Acceleration solutions Media Services and Media Analytics. It offers a range of professional services and solutions designed to assist its customers with integrating, configuring, optimizing and managing its core offerings.

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