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Analysts Are Bullish on These Technology Stocks: Akamai (AKAM), TOYO Co Ltd (TOYO)

Tipranks - Wed Apr 15, 5:24AM CDT

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Akamai (AKAM) and TOYO Co Ltd (TOYO) with bullish sentiments.

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Akamai (AKAM)

Evercore ISI analyst Peter Levine maintained a Buy rating on Akamai yesterday and set a price target of $130.00. The company’s shares closed last Monday at $94.94.

According to TipRanks.com, Levine is a 3-star analyst with an average return of 2.0% and a 41.6% success rate. Levine covers the Technology sector, focusing on stocks such as Zoom Video Communications, CrowdStrike Holdings, and Palo Alto Networks. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Akamai with a $108.35 average price target, representing a 18.0% upside. In a report issued on March 30, TipRanks – xAI also reiterated a Buy rating on the stock with a $127.00 price target.

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TOYO Co Ltd (TOYO)

H.C. Wainwright analyst Amit Dayal reiterated a Buy rating on TOYO Co Ltd today and set a price target of $18.00. The company’s shares closed last Monday at $11.63.

According to TipRanks.com, Dayal is a 3-star analyst with an average return of 1.9% and a 32.2% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as Amprius Technologies Inc, Surf Air Mobility, Inc., and Orion Energy Systems. ;'>

Currently, the analyst consensus on TOYO Co Ltd is a Moderate Buy with an average price target of $16.50, implying a 44.5% upside from current levels. In a report issued on April 2, Roth MKM also initiated coverage with a Buy rating on the stock with a $15.00 price target.

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