Akamai (AKAM) shares are extending gains in Tuesday’s session after Raymond James upgraded the cloud and cybersecurity company to “Strong Buy.” In a research note this morning, senior analyst Frank Louthan maintained his price target at $170, signaling potential upside of a whopping 90% from current levels.
His bullish call brings a much-needed reprieve to Akamai stock, which is down roughly 45% versus its year-to-date high.
