Raymond James lowered the firm’s price target on Akamai (AKAM) to $84 from $110 and keeps an Outperform rating on the shares. Results were better than expected, driven by a continued rebound in delivery as traffic growth is beginning to normalize, and over two-thirds of revenue now comes from compute and security, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AKAM:
- Akamai price target lowered to $83 from $88 at Piper Sandler
- Akamai’s Strong Growth and Stability Drive Buy Rating
- Akamai Technologies Reports Strong Q2 2025 Growth
- Cautious Outlook on Akamai Amid Ongoing Investment Cycle and Revenue Growth Uncertainty
- Closing Bell Movers: Expedia, TripAdvisor jump on Q2 earnings beats