S&P Capital IQ Reiterates its BUY Rating on Akamai Technologies

October 14 00:00 2011

NEW YORK, October 14 (FinanaceEnquiry.com) – Analyst Scott Kessler of S&P Capital IQ maintains his BUY rating on the shares of Akamai Technologies Inc (NASDAQ : AKAM). The 12-month target price is set to $35.

Analyst Scott Kessler, in a research note published yesterday, mentions that Google (NASDAQ: GOOG) could take over Akamai based on an unconfirmed report published by Business Insider. Akamai Technologies’ stock picked up pace in few trading hours when media networks like Reuters and WSJ covered the story. However, shares were pulled back when Bloomberg and Business Insider negated the story. Considering AKAM’s global network, Intellectual rights, and strategic relevance, it is a potential acquisition candidate, the analyst adds.