Scotiabank raised the firm’s price target on Akamai (AKAM) to $105 from $94 and keeps an Outperform rating on the shares. The firm believes the company is poised to capitalize on the increased demand for AI infrastructure, the analyst tells investors.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AKAM:
- Akamai price target raised to $89 from $86 at Piper Sandler
- Akamai price target raised to $90 from $80 at RBC Capital
- Buy/Sell: Wall Street’s top 10 stock calls this week
- Akamai launches program to accelerate cloud growth
- Akamai, Visa announce strategic collaboration for next era of agentic commerce