AKAM Price Prediction Next Week
Based on the technical analysis and news sentiment data, here's the price prediction for AKAM for the next trading week:
Technical Analysis
- Current price: $98.83
- RSI(14) at 58.03 indicates neutral momentum, with room for upward movement
- MACD at 1.49 shows positive momentum
- Key Fibonacci levels:
- Resistance: R1 at $101.85, R2 at $103.18
- Support: S1 at $97.57, S2 at $96.24
- Trading above both SMA-20 ($96.23) and SMA-200 ($96.65), indicating bullish trend
News Sentiment Analysis
- RBC Capital maintains Hold rating with $100 price target
- Analyst consensus suggests Moderate Buy with average price target of $112.92, indicating 18.73% upside potential
- Recent high options activity with significant put options at $65 strike for May 2025, suggesting some hedging activity
- Company fundamentals remain solid with $1 billion quarterly revenue, though profits declined year-over-year
Price Prediction for Next Week Based on technical and sentiment analysis:
- Target Price Range: $99.50 - $102.30
- Most Likely Scenario: Price will test R1 resistance at $101.85
- Stop Loss Level: $97.00
Trading Recommendation: BUY
- Entry Point: Current price ($98.83)
- First Target: $101.85 (R1)
- Second Target: $103.18 (R2)
- Stop Loss: $97.00
The stock shows positive momentum with strong technical support and favorable analyst sentiment. The current price sits above key moving averages, suggesting continued upward movement. However, traders should monitor market conditions and maintain strict stop-loss levels.
AKAM Similar Chart Price Prediction
The price of AKAM is predicted to go up -12.31%, based on the high correlation periods with RDUS. The similarity of these two price pattern on the periods is 96.89%.
AKAM
RDUS
Down: -12.31%Similarity: 96.89%
AKAM Revenue Forecast
AKAM EPS Forecast
AKAM FAQs
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AKAM VS S&P500
Akamai is a major player in the exploding cybersecurity industry, so rapid growth there will more than offset a stagnant core CDN business.
With more global locations housing servers than any other cloud company, Akamai is uniquely situated to offer edge computing capabilities to its customers.
A major shift in viewing habits to internet-based TV and video directly increases the need for content delivery networks, of which Akamai's is second to none.
AKAM Analyst's Forecast
Timothy Horan
Oppenheimer
Hold → Buy
2024-12-02
Price Target
$120
Upside
+22.88%
Oppenheimer analyst Timothy Horan upgraded Akamai to Outperform from Perform with a $120 price target.
William Power
Baird
Buy
2024-11-11
Price Target
$120 → $115
Upside
+27.39%
