Akamai price target raised to $105 from $98 at Citi

Citi analyst Fatima Boolani raised the firm’s price target on Akamai to $105 from $98 and keeps a Neutral rating on the shares. The analyst updated models in systems software following the quarterly results. New business was “surprisingly robust” but expansion momentum came mixed, slowing for historically strong performers and contracting for others, the analyst tells investors in a research note.