Akamai price target raised to $180 from $120 at Scotiabank

Scotiabank analyst Patrick Colville raised the firm’s price target on Akamai (AKAM) to $180 from $120 and keeps an Outperform rating on the shares. Akamai shares have drastically outperformed software and cybersecurity in 2026, with expectations sky-high into the print, the analyst tells investors in a research note. The firm added that Akamai didn’t disappoint in Q1, announcing a $1.8B seven-year deal with a “leading U.S. frontier model provider.”