Akamai price target raised to $165 from $120 at Morgan Stanley

Morgan Stanley analyst Sanjit Singh raised the firm’s price target on Akamai (AKAM) to $165 from $120 and keeps an Overweight rating on the shares. The firm’s estimate changes reflect a return to double-digit revenue growth in FY27, followed by EPS growth in FY28, and its price target change takes into account changes in Edge Developer valuations as a whole, with inference at the edge and broader AI compute demand “becoming a more compelling offering across the group,” the analyst tells investors.