KeyBanc double upgraded Akamai (AKAM) to Overweight from Underweight with a price target of $115, up from $66. The firm adjusted ratings in the enterprise software as part of its 2026 outlook. It has has a preference for small- and mid-cap software over large-caps heading into next year. KeyBanc admits to being wrong on Akamai. The company’s revenue has the opportunity to accelerate as more of the business shifts toward compute, the analyst tells investors in a research note.
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