Baird upgraded Akamai Technologies to Outperform from Neutral with a price target of $135, up from $128. The analyst recommends taking advantage of the recent share weakness. With Akamai’s valuation well below its five- and 10-year average, and a growing cloud security concentration, the risk/reward is attractive, the analyst tells investors in a research note. The firm says that while delivery remains a headwind, that’s well understood, and compute, with low investor expectations, offers possible upside in 2025.
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