Akamai price target raised to $104 from $98 at TD Cowen

TD Cowen analyst Michael Elias raised the firm’s price target on Akamai (AKAM) to $104 from $98 and keeps a Hold rating on the shares. The firm said they reported upside 3Q results, provided upside 4Q guidance, and raised 2025 revenue/Non-GAAP EPS guidance, while maintaining 2025 Security growth guidance of 10% and lowering Compute guidance to “a touch under 15%.”