Neutral Ratings Issued for Top Tech Stocks Cisco and Akamai
Wall Street analysts have maintained neutral ratings on top technology stocks, including Cisco Systems and Akamai. According to TipRanks, a platform that aggregates analyst recommendations, both companies have received Hold ratings from prominent analysts.
Cisco Systems' shares closed last Wednesday at $123.88, while Akamai's shares closed at $122.78. The average price target for Cisco is $136.77, representing an 11.4% upside, while the consensus on Akamai is a Moderate Buy with a price target of $161.12, a 37.1% upside from current levels.
William Blair analyst Sebastien Naji maintained a Hold rating on Cisco Systems, citing its stable earnings and revenue growth. Meanwhile, J.P. Morgan analyst Samik Chatterjee also issued a Hold rating for Akamai, with a price target of $158.00.