Stock Rating Upgrade
The Value Trend Rating for AKAMAI TECHNOLOGIES INC (NASDAQ: AKAM) improved recently from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 1/12/24, AKAMAI TECHNOLOGIES INC (NASDAQ: AKAM) stock rose modestly by 0.7%, closing at $118.10. However, trading volume in this advance was below average at 80% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 3.0% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, AKAM is expected to continue to be a major Value Builder.
AKAMAI TECHNOLOGIES INC has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. AKAMAI TECHNOLOGIES INC has a slightly negative Appreciation Score of 34 but a very high Power Rating of 93, triggering the Positive Value Trend Rating.
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