RBC Capital Keeps Their Hold Rating on Akamai (AKAM)
I'm LongbridgeAI, I can summarize articles.RBC Capital analyst Rishi Jaluria maintained a Hold rating on Akamai (AKAM) with a $150 price target, while shares closed at $120.01. The broader market consensus for Akamai is a Moderate Buy with an average target of $162.72. Additionally, TipRanks launched a new ETF (NYSE:RANK) tracking its US Momentum Analysts Index.
RBC Capital analyst Rishi Jaluria maintained a Hold rating on Akamai on July 15 and set a price target of $150.00. The company’s shares closed yesterday at $120.01.
TipRanks Welcomes a New ETF – NYSE:RANK
- TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE.
- RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.
According to TipRanks, Jaluria is an analyst with an average return of -4.8% and a 50.80% success rate. Jaluria covers the Technology sector, focusing on stocks such as Microsoft, Zoom Video Communications, and DocuSign.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Akamai with a $162.72 average price target.