AKAM Crosses Above Average Analyst Target
October 27, 2016 at 09:48 AM EDT
In recent trading, shares of Akamai Technologies Inc (AKAM) have crossed above the average analyst 12-month target price of $59.46, changing hands for $67.70/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..