Akamai price target raised to $117 from $112 at Morgan Stanley

Morgan Stanley analyst Keith Weiss raised the firm’s price target on Akamai to $117 from $112 and keeps an Equal Weight rating on the shares. FY24 EPS growth expectations remain “anchored in the high-single digits” and with recent initiatives having a limited impact on changing either top-line growth or the margin profile, shares “likely tread water here,” the analyst tells investors in a post-earnings note.