Stifel Nicolaus Maintains Buy on AKAMAI Technologies

Stifel Nicolaus is out with its report today on AKAMAI Technologies (NASDAQ: AKAM), maintaining Buy.

In a note to clients, Stifel Nicolaus writes, "We are maintaining our Buy rating on AKAM shares and our $44 target price, based on applying Akamai's historical average multiples discounted slightly to reflect a more mature industry, 3.5x EV/Revenue for Akamai's media revenue and 7x EV/Revenue for Akamai's other segment revenue, to our 2012 segment revenue estimates."

At the time of posting, shares of AKAM were trading at $29.59, up 0.48% from Friday's close.