DA Davidson raised the firm’s price target on Akamai to $146 from $130 and keeps a Buy rating on the shares. The company’s Q4 results were mixed and its 2024 outlook was “messy”, with Security continuing to exceed expectations but Compute growth outlook likely a bit lower than most were hoping for, the analyst tells investors in a research note. The firm contends however that the Compute business outlook is “conservative” and upside is likely.
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