Stock To Watch: Akamai Technologies, Inc. (NASDAQ:AKAM)


The leading market experts have placed a mean price target of $62.25 on Akamai Technologies, Inc. (NASDAQ:AKAM) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.72 a share for the upcoming quarter and $2.69 for the current fiscal. Technical View The technical analysis of Akamai Technologies, Inc. plainly substantiates that the 50-day moving average of Akamai Technologies, Inc. is $55.30, and stock is hovering -7.01 or -12.68% distant from $55.30. It is noted that the 200-day MA is $52.41, and Akamai Technologies, Inc. stock is $-4.12 or -7.86% off from this point. Akamai Technologies, Inc. (NASDAQ:AKAM) 52-week high is $76.98 and the 52-week low is $39.43. This explains if the stock moves $-28.69, it will post a 52-week high. In event of $+22.47% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Akamai Technologies, Inc., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Akamai Technologies, Inc. (NASDAQ:AKAM) ratio came in at 27.28. The stock last ended the trading session at $48.29 and registered a market cap of $8.48B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Akamai Technologies, Inc. (NASDAQ:AKAM) PEG ratio is at 1.61.

1 Chart Pattern Every Investor Should Know

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