As previously reported, Oppenheimer upgraded Akamai (AKAM) to Outperform from Perform with a $120 price target Following the shutdown of Edgio, the Content Delivery Network space has consolidated to three players from six previously, removing another price competitor and making CDN a “more attractive market,” the analyst tells investors. In addition, volumes and pricing are improving based on the firm’s channel checks, the analyst added.
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Read More on AKAM:
- Akamai upgraded to Outperform from Perform at Oppenheimer
- Akamai receives approval to acquire select assets from Edgio
- Oppenheimer sees Fastly as biggest beneficiary of shutting down of Edgio
- Akamai is winning bidder to acquire select assets from Edgio
- Akamai price target lowered to $110 from $135 at Susquehanna
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