Baird Maintains Neutral Rating for Akamai Techs: Here's What You Need To Know

Baird has decided to maintain its Neutral rating of Akamai Techs AKAM and raise its price target from $89.00 to $94.00.

Shares of Akamai Techs are trading down 1.61% over the last 24 hours, at $84.54 per share.

A move to $94.00 would account for a 11.19% increase from the current share price.

About Akamai Techs

Akamai operates a content delivery network, or CDN, which entails locating servers at the edges of networks so its customers, which store content on Akamai servers, can reach their own customers faster, more securely, and with better quality. Akamai has over 325,000 servers distributed over 4,100 points of presence in more than 1,000 cities worldwide. Its customers generally include media companies, which stream video content or make video games available for download, and other enterprises that run interactive or high-traffic websites, such as e-commerce firms and financial institutions. Akamai also has a significant security business, which is integrated with its core delivery and computing businesses to protect customers from cyberthreats.

About Analyst Ratings

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This article was generated by Benzinga's automated content engine and reviewed by an editor.