Akamai price target lowered to $102 from $104 at Citi

Citi analyst Fatima Boolani lowered the firm’s price target on Akamai (AKAM) to $102 from $104 and keeps a Neutral rating on the shares as part of a 2025 systems software outlook. The firm is “generally more bullish” on its IT and development and operations-centric coverage, citing better relative growth and a “cleaner” tether to generative artificial intelligence. Citi remains “selectively constructive” on cybersecurity names. Citi’s chief information security officer survey results were “mostly uninspiring,” and cyber’s relative 2024 outperformance along with muted” estimate revisions means the group will likely take a breather, the analyst tells investors in a research note.