Citi analyst Fatima Boolani raised the firm’s price target on Akamai (AKAM) to $160 from $110 and keeps a Neutral rating on the shares. The firm attributes the recent share rally to the company’s $1.8B Anthropic deal and “scarcity value” as a “reasonably-valued” AI infrastructure asset. Citi upped the price target after meeting with Akamai but believes the market is underappreciating weakness in the company’s margins.
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