AKAM - Akamai may be worth well over $150/share in a potential takeover - analyst
- Akamai Technologies ( NASDAQ: AKAM ) may be worth well over $150/share in a potential acquisition after a report that the company received a takeover approach, according to Truist.
- Based on a sum-of-the-parts valuation, Akamai ( AKAM ) could see a value of well north of $150/share, according to Truist analyst Greg P Miller. Truist has a buy rating and $125 price target on AKAM.
- Akamai ( AKAM ) shares surged 4.3% after a Street Insider report earlier Monday that an unidentified private equity firm made a takeover approach and the two sides have held discussions. The latest takeover report comes after Betaville last Tuesday said Akamai ( AKAM ) may be closer to a deal with a suitor that had previously shown interest in its business.
- In late July a Cowen analyst said that Akamai ( AKAM ) may be worth $130/share in a possible takeover. A buyer could still see an attractive IRR of ~20% at the $130 price, Cowen analyst Michael Elias said at the time.
- Akamai ( AKAM ) jumped 4.9% on July 21 following a Street Insider report about takeover interest for the cloud services and content delivery .
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Akamai may be worth well over $150/share in a potential takeover - analyst