Akamai upgraded to Outperform from Sector Perform at Pacific Crest Pacific Crest upgraded Akamai to Outperform with a $65 price target saying it sees upside to Q2 and 2014 estimates due to accelerating media traffic growth.
Akamai Q4 results tracking ahead of consensus, says Pacific Crest Pacific Crest believes that Akamai is poised to report stronger than expected Q4 results. The firm keeps a $65 price target and Outperform rating on the shares.
Akamai hits highs of day amid takeover speculation The move higher in shares of Akamai (AKAM) is being attributed to takeover speculation. The suitor rumored to be interested is Alibaba (BABA). Shares of Akamai are at highs of the day, up 3% to $62.00.