Tigress Financial raised the firm’s price target on Akamai Technologies to $140 from $132 and keeps a Buy rating on the shares post the Q4 report. The company continues to transition into a leading security services provider, overcoming declines in content delivery and expanding its cloud-based security services, the analyst tells investors in a research note. The firm says Akamai continues to benefit from strong demand for its cloud-based edge protection security services.
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