Scotiabank lowered the firm’s price target on Akamai (AKAM) to $105 from $107 and keeps an Outperform rating on the shares. The company delivered a “decent” Q1, beating key metrics and raising its 2025 top-line, the analyst tells investors. Additionally, the company’s shareholder friendly capital return was “very much on display,” which is important for the firm’s buy thesis.
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