Scotiabank raised the firm’s price target on Akamai (AKAM) to $115 from $112 and keeps an Outperform rating on the shares. After a healthy FY24 where U.S. software equities performed well, the firm feels bullish in 2025 about the software sector, the analyst tells investors. The firm’s forensic analysis points to software earnings surprises and estimate revisions. The firm names Akamai as one of the “tough model setups” in its coverage.
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