Morgan Stanley has revised its price target for Akamai Technologies (AKAM, Financial), cutting it down from $102 to $90. Analyst Keith Weiss maintains an Equal Weight rating on the stock. This adjustment is part of a broader evaluation of software companies by the firm, focusing on balancing potential risks and rewards.
The revision comes as the firm assesses uncertainties related to tariff risks, alongside how these factors have been reflected in current share prices. This move indicates a cautious stance amid ongoing economic challenges that could impact the software sector.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 21 analysts, the average target price for Akamai Technologies Inc (AKAM, Financial) is $105.18 with a high estimate of $140.00 and a low estimate of $75.00. The average target implies an upside of 41.07% from the current price of $74.56. More detailed estimate data can be found on the Akamai Technologies Inc (AKAM) Forecast page.
Based on the consensus recommendation from 24 brokerage firms, Akamai Technologies Inc's (AKAM, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Akamai Technologies Inc (AKAM, Financial) in one year is $111.07, suggesting a upside of 48.97% from the current price of $74.56. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Akamai Technologies Inc (AKAM) Summary page.
