-- Akamai Technologies (AKAM) has an average rating of overweight and mean price target of $144.04, according to analysts polled by FactSet.
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Price: $139.99, Change: $+23.30, Percent Change: +19.96%
Manufacturing Shipments data due out next Friday "should look reasonably healthy" for March, but will look weaker in volume terms, says CIBC's Avery Shenfeld. CIBC expects a 3.5% rise, in line with consensus, and following a prior gain of 3.6%.Existing Home Sales on Thursday and Housing Starts on Friday, both for Aprii, won't alter the picture of a sector that's been "a drag on growth" in the past year, Shenfeld adds. CIBC forecasts 240k housing starts, versus a consensus 245k.Also on the calendar for next week is The Market Participants Survey, due out 10.30am ET on Monday. The survey is conducted quarterly. Bank of Canada staff reach out to a diverse set of participants in financial markets to gather their views on key macroeconomic and financial variables as well as on monetary policy.Then on Wednesday at 1.30pm ET, a summary of monetary policy deliberations by Governing Council for the policy decision that was announced two weeks earlier will be released. That same day, Michelle Alexopoulos, External Deputy Governor, addresses the Ottawa Economics Association (OEA) - Canadian Association of Business Economics (CABE), Ottawa, Ontario.In terms of further data, March Wholesale Sales (ex-petroleum) is due out Thursday, and CIBC forecasts 1.4%. Also, March Int'l Sec. Transactions is due out Friday.
The combined count of crude oil, natural gas, and miscellaneous rigs in the US rose by one to 548 in the week ending May 8, according to data from Baker Hughes (BKR) released Friday.The US oil rig count rose by two from 408 the previous week to 410, while the number of gas rigs dropped by one from 130 the previous week to 129.Price: $63.98, Change: $+0.45, Percent Change: +0.71%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Our unchanged 12-month target price of $354 is 24.0x our 2027 EPS estimate, nearly in line with RGLD's two-year average forward P/E of 23.5x and also close to peers' average forward P/E of 25.0x. We trim our 2026 EPS estimate by $0.20 to $12.05 and keep 2027 at $14.75. RGLD's Q1 results demonstrated the benefits of its 2025 transformational acquisitions, with record revenue ($469M), operating cash flow ($294M), and adjusted EPS ($2.72). The company maintains an attractive 83% adjusted EBITDA margin and strong liquidity of ~$1.1B. Management expects to fully repay its $525M revolving credit facility by Q4 2026 from operating cash flow at current metal prices. The portfolio is well-diversified, with no single asset contributing more than 12.5% of revenue, and includes significant growth from Greenstone, Platreef (first revenue expected in Q2), and Warintza (targeting permits by year-end). RGLD added a $600M accordion facility to pursue larger transactions and authorized a $500M buyback program.