Akamai Technologies will gain from soaring data consumption driven by online video as well as selling more products to existing customers, says Pacific Crest Securities, which resumed coverage of the content delivery network provider with an overweight rating. Pacific Crest analyst Michael Bowen also said in a research report that he expects upside from Apple’s (AAPL) launch of a Web TV service, though timing is uncertain and though Apple
Adobe Systems (ADBE) received a sharp price target hike from Rosenblatt Securities on Wednesday while Analog Devices (ADI) received several price target boosts. Rosenblatt Securities analyst Kirk Adams raised his price target in Adobe to 112 from 90, “as we have confidence that revenue growth and margin expansion will accelerate over the next two years,” he wrote in the research note. Adobe stock fell 1.1% Wednesday to close at 85.48. The stock
Thanks to its supplier relationship with Tesla Motors (TSLA), Panasonic leads in the nascent market for electric vehicle batteries. Japan-based Panasonic had 39% market share in the second quarter, followed by China’s BYD with 24%, according to Lux Research. Japan’s NEC was in third place with 12% market share. Panasonic is likely to hold on to its lead in the battery market for plug-in vehicles as it rides Tesla’s coattails. But South Korea-based