Billionaire George Soros’ 10 Mid-Cap Stocks With Huge Upside Potential

8. Akamai Technologies, Inc. (NASDAQ:AKAM)    

Soros Fund Management’s Stake Value: $182.8 Million

Number of Hedge Fund Holders: 37

Akamai Technologies, Inc. is a delivery, security, and cloud computing solutions provider. It provides Bot & Abuse portfolio, Akamai Account Protector, security solutions, Akamai Content Protector, API security, and microservice and application component protection. According to the median analyst price target, the stock still has an upside of 39.04%.

The company was recently downgraded by the Bank of America to Neutral, citing its lower-than-expected latest quarter earnings and guidance. BofA also lowered its price target from $125 to $100. However, Needham maintained its Hold rating on the stock and expressed concerns.

Analyst Madeline Brooks highlighted:

“We see limited near term catalysts as the company transitions from slower growth areas like web security and legacy compute to high growth areas like API security and Cloud Infrastructure Services.”

To uplift investors’ sentiment, investment firm Piper Sandler said that the company is likely to continue to benefit from increasing usage of TikTok among teenagers.  Another notable point is that the company is among the top 5 holdings of George Soros’s portfolio. He might have seen the true growth potential of the stock to assign 2.75% of its portfolio to it.