As previously reported, Scotiabank initiated coverage of Akamai with an Outperform rating and $110 price target. Akamai is the “Rolls-Royce of content delivery,” but its future lies in security and edge compute, which the firm forecasts will total about 75% of the business in 2025, the analyst tells investors. The firm contends these segments will “be the bright sparks that reignite Akamai’s growth and help outperform Street targets,” the analyst added.
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