AKAMAI TECHNOLOGIES INC (NASDAQ: AKAM) stock closed at $91.19 on 5/10/24 after a major decline of -11.0%. Moreover, exceptionally high trading volume at 606% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -8.6% during the last week.
Current PriceTarget Research Rating
AKAM’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
AKAMAI TECHNOLOGIES INC has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. AKAMAI TECHNOLOGIES INC has a neutral Appreciation Score of 44 and a neutral Power Rating of 40, resulting in the Negative Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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