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


The leading market experts have placed a mean price target of $60.28 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 $0.66 a share for the upcoming quarter and $2.57 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 $53.12, and stock is trading $-0.27 points away or -0.51% from its 50-day moving average of $53.12. Further it is trading $-0.77 or -1.44% away its 200-day moving average of $53.62. Akamai Technologies, Inc. (NASDAQ:AKAM) 52-week high is $76.39 and the 52-week low is $39.43.

This explains if the stock moves $-23.54, it will post a 52-week high. In event of +34.03% 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 29.01.

The stock last ended the trading session at $52.85 and registered a market cap of $9.23B. 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 1.64.

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