AKAM - Akamai's Second Half Of 2024 To Benefit From Major Events And Data Center Additions: Analyst | Benzinga
Guggenheim analyst Raymond McDonough upgraded Akamai Technologies Inc (NASDAQ: AKAM) to Neutral from Sell.
The analyst sees risk to both Q3 and Q4 FY23 top-line estimates, with potential downside to Compute business, which will likely require the utilization of incremental capacity build-outs, most of which will probably come online in Q4.
On the other hand, the analyst sees a 2%-3% potential upside to current FY24 estimates, even if H2 FY23 results come slightly ...