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Stockchase Opinions

Kim BoltonAkamai Technologies Inc.AKAMSELL ON STRENGTHOct 24, 2023

He targets $109. At $107-109, take profits. The runway is short. They recently bought Lumens, which builds their market.

$104.27

Stock price when the opinion was issued

$124.90

As of Jun 18, 2026. Market Open.

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TOP PICK

It is in the right place at the right time with the growth of the cloud and the expansion of the internet. It provides cloud services for securing and delivering computer content and has a module for for cybersecurity in the cloud. He has just trimmed another holding and used some of the proceeds to add Akamai.

(Analysts’ price target is $93.50)
SELL

Chart's showing lower highs and lows, not what you want to see. Higher rates are going to put pressure on a lot of growth areas of the market. Pure growth plays, especially those with no dividend, are going to suffer. Sell,and move on, perhaps into an industrial play like DE.

COMMENT
It's the largest cloud content delivery network. They beat the street last Tuesday, but plunged 9%. They delivered a good, but imperfect quarter. It was one of many tech stocks that reported good quarters last week, but still sold off.
DON'T BUY
They missed their quarter really bad.
COMMENT
Doesn't know a lot about this one. Buying on dips is a good way of going, but make sure the company is making real money and that there is tangible growth in the cash flow.