Citi raised the firm’s price target on Akamai to $135 from $116 and keeps a Buy rating on the shares. The analyst also opened a “30-day positive catalyst watch” on the shares. Citi sees upside to Akamai’s Q4 results against improving operating conditions and a “prudent” outlook, which calls for modest growth deceleration against the year’s easiest compare. The firm believes expectations on 2024 estimates is manageable.
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