Forecast Of The Day: Akamai’s Media Net Revenues

+21.82%
Upside
92.12
Market
112
Trefis
AKAM: Akamai logo
AKAM
Akamai

What?

Akamai’s (NASDAQ:AKAM) Media Net Revenues rose from around $1.33 billion in 2019 to $1.53 billion in 2020. Trefis expects the metric to rise steadily to about $1.8 billion in 2022.

Why?

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We expect growth to be driven by higher web traffic and the rising adoption of cloud-based security offerings by media customers.

So What?

We think Akamai stock is slightly undervalued. We value AKAM at about $126 per share, about 8% ahead of the current market price.

See Our Complete Analysis For Akamai

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Returns Jan 2022
MTD [1]
2022
YTD [1]
2017-22
Total [2]
 AKAM Return 0% 0% 75%
 S&P 500 Return 0% 0% 114%
 Trefis MS Portfolio Return -2% -2% 285%

[1] Month-to-date and year-to-date as of 1/5/2022
[2] Cumulative total returns since the end of 2016

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