Akamai price target lowered to $132 from $168 at Tigress Financial

Tigress Financial analyst Ivan Feinseth lowered the firm’s price target on Akamai to $132 from $168 and keeps a Strong Buy rating on the shares, citing a re-rating of valuation for the change in target. He believes further upside exists and his revised price target represents a potential gain of over 46% from current levels, Feinseth noted.