On 8/9/24, AKAMAI TECHNOLOGIES INC (NASDAQ: AKAM) stock enjoyed a major increase of 10.9%, closing at $101.51. Moreover, trading volume in this advance was exceptionally high at 408% of normal. The stock has risen 6.4% during the last week but has been extremely weak relative to the market over the last nine months.
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 F (Lowest Rating). This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. AKAMAI TECHNOLOGIES INC has a slightly negative Appreciation Score of 37 and a very low Power Rating of 11, with the Lowest Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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