Akamai Seen Making Acquisitions Toward $5B Target

By | December 8, 2014

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Akamai Technologies (AKAM) might step up acquisitions as it aims to hit a $5 billion revenue target and expand into security products, Oppenheimer says. “Akamai’s ambition is to grow revenues to $5 billion in the next five years; we suspect this will take closer to six,” said Tim Horan, an Oppenheimer analyst in a report. Horan has a buy rating and price target of 70 on the stock. Shares in Akamai have shot up more than 35% in 2014. “Management’s Scalper1 News

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